An exotic option whose payout (payoff) depends on the overall performance of more than one underlying asset, as opposed to a standard vanilla...
A variation on maximum and minimum options (best-of and worst-off options) which pays the Euclidian distance between the current price and the strike price of its...
An OTC-traded financial instrument (option) that allows the holder to take views on the volatility of a market. In its simplest form,...
An option trading strategy that involves buying a call option at a given strike price and selling a call option...
It stands for tom next or tomorrow next; a specialized forward transaction (a type of forward swap) in the foreign...
A specialized forward transaction (a type of forward swap) in the foreign exchange markets which is used to postpone or roll...
A specialized forward transaction (a type of forward swap) in the foreign exchange markets which is used to postpone or roll...
A cash-settled European call option whose exercise price is zero or very close to zero. Since its being exercised is almost certain,...
A payer (receiver) zero-coupon swaption is an option which gives the holder the right to enter into a payer (receiver) zero-coupon interest rate...
A cash-settled European call option whose strike price is zero or very close to zero. Since its being exercised is almost certain, this option replicates...