What is Weighted Vega Exposure? A measure of Vega that considers the different maturities of Vega exposure and applies a weighting factor to reflect the fact that shorter dated implied volatility moves in a wider range than longer maturities. The result encompasses one’s aggregate risk related to movement in the implied volatility of an asset. Interested in learning more? Related articles What is Charm? What is Vega (Options Greeks)? What is a Call Wall? What is Forward Implied Volatility? What is the American or European Expiry?