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‎Joshua Kyan Aalampour | کیان عالم‌پور | 齐伊龙‎ on Instagram: "More technically this is a stochastic local vol leverage function calibrated under a Heston style SV model. L(t,S) is estimated via particle simulation so that the conditional variance from paths times L^2 matches the local vol target. I think this stuff is so cool like how it’s basically made up of Dupire local vol + an SV backbone like Heston. It’s like a mini avengers formation of quant models hahah. I wonder though if its possible
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