A preferred equity redemption cumulative stock (PERCS) that is designed to replicate its underlying mandatory conversion preferred stock. A key…
A put diagonal calendar spread which is designed to profit on the expectation that the underlying would break out in…
An abbreviation for non-equity option; an option that is written on foreign currencies, bonds, and other debt issues, commodities, metals…
The price differential between ten-year Treasury note futures and Treasury bond futures. Realizing profits from taking a view on this…
An FRN that is embedded with caps or collars (caps and floors) so that the floating rate movement (adjustment) is…
In the case of a call option, it is the amount that results from subtracting the strike price and the…
An interest rate floor that consists of a number of floorlets along with a prespecified limit. It is designed to…
A calendar put spread that is established by selling a front-month put option at a given strike price and buying…
With respect to option contracts and other types of derivatives, it refers to the feature allowing the holder (the long)…
A barrier option which has additional (adjustable) barrier levels. Each time a barrier level is breached, the strike of the…