The Heston model has stochastic volatility. You can add jumps to this: https://en.wikipedia.org/wiki/Stochastic_volatility_jump https://en.wikipedia.org/wiki/St

The Heston model has stochastic volatility. You can add jumps to this: https://en.wikipedia.org/wiki/Stochastic_volatility_jump https://en.wikipedia.org/wiki/Stochastic_volatility_jump