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Standardized Tranche CDS

A type of first loss credit default swaps (FLCDS) or tranche loss credit default swaps (TLCDS) in which the reference...

Seagull Option

A three-pronged option trading strategy that involves buying (selling) a call spread and selling (buying) a put option in order...

Short Calendar Strangle

A calendar strangle that is designed to profit as the underlying is expected to break out in either direction. This...

Subsidized Swap

A swap that combines a plain vanilla swap with a cap. An investor may construct a subsidized swap by paying...

Single Barrier Put Warrant

A barrier put warrant that pays its holder (the investor) either the minimum amount specified in the contract or nothing...

Single Barrier Call Warrant

A barrier call warrant that pays its holder (the investor) either the minimum amount specified in the contract or nothing...

Snail Warrant

A traded warrant (and a type of barrier warrants) in which the barrier slowly approaches an in-the-money status (in-the-money side...

Spot Trader Option

An option which allows the holder to trade the underlying market with limited downside in return for a given premium....

Short Put Albatross

A short albatross that solely involves positions in put options and is typically used when an investor harbors a breakout...

Spread RAN

It stands for spread range accrual note; a range note in which the coupon depends on the spread between the...