A long albatross that solely involves positions in put options and is typically used when an investor harbors a neutral...
A lookback strike option which gives the holder the right to retroactively cash in the contract (the call option) at the...
In connection with a ladder option or similar-type option (e.g., a shout option), a ladder rung is a trigger strike...
It stands for long-dated forward rate agreement; a forward rate agreement (FRA) where the is more than one year in...
A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The “ladder” label refers...
It stands for limited-price index swap. It is an inflation swap (a zero-coupon swap) in which a fixed amount is...
A Christmas tree spread that involves the selling of one call option at the lowest exercise price and the purchase...
A gut iron albatross spread which is constructed by buying one call at the lowest exercise price (strike price), selling...
A call strip which involves long positions. The long call strip can be constructed with a number of contracts (call...
A basket credit default swap (credit default basket swap) in which the investors (protection sellers) are exposed to all reference...