The daily price at which all trades are cleared and all accounts between clearing accounts are settled by a clearing…
An option trading strategy which involves selling a far-month call option and buying a near-month call in order to benefit...
It stands for single-name credit default swap; a type of credit default swap (CDS) where there is only one reference...
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…
A financial product that is created by pooling together a number of financial assets in order to come up with...
A spot delta (standard sensitivity of a vanilla option with respect to changes in the spot rate/ price) that accounts...
A rule that assumes that the implied volatility for an option with a given strike price and maturity will not...
For options and similar types of derivatives, the skew is the slope of the implied volatility curve for a given...
The CDO tranche spread that is defined by a number of factors, mainly including: attachment point, tranche width, swap maturity,...