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Novation

A process of replacing a contract or a series of contracts with a new one(s), whereas a third party takes...

    Non-Expiring Option

    An American-style, non-standard option that neither expires nor has an exercise limit. Since it has an infinite time to maturity,...

      No-Cost Risk Reversal

      A risk reversal that allows investors to avoid paying a premium for an option. In this option strategy, the premium...