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CMO

An abbreviation for collateralized mortgage obligation. A mortgage-backed bond where holding investors are divided into tranches (maturity classes) and principal…

Congestion

A market situation where holders of short positions attempting to cover their positions fail to find an adequate supply of…

Chained Option

A type of barrier option in which another barrier option is initiated when one or two preset barriers are hit/...

Chained Barrier Option

A type of barrier option in which another barrier option is initiated when one or two preset barriers are hit/...

Class of Options

All options of the same type (calls or puts) that trade on a given asset with specific expiration dates and…

Calendar Ratio Spread

An option trading strategy which involves buying a far-month call (put) option and selling more than one near-month call (put)…

CMCDS

It stands for constant maturity credit default swap. It is a credit default swap that provides a hedge against default…

Call Futures Option

A futures option which gives the holder the right to enter into a long futures contract at a set exercise…

Calibration

A method which is typically used to calculate the implied parameters of a model from the market prices of actively…

Cash-or-Nothing Call

A type of option in which the payoff is determined in one of two distinct values: a specified fixed price…