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Black’s Approximation

An approximation procedure for valuing a call option on a dividend-paying share of stock. It was developed by Fischer Black...

European Asian Option

A kind of path-dependent option whose payoff is equal to the difference between the average underlying price during the time...

IV

It stands for intrinsic value; generally, it is the effective monetary advantage which would be obtained when an option is...

Intrinsic Value

Generally, it is the effective monetary advantage which would be obtained when an option is immediately exercised. In call options,...

PoC

A put option on a call option. It gives the holder the right, without the obligation, to sell a call...

Upside Call

An out-of-the-money call option. Always from buyer’s perspective, it is a call option whose underlying’s market price at a given...

Fixed Volatility

A volatility whose magnitude is theoretically set the same across different delta values of an option. The standard Black-Scholes model...

Flat Volatility

A volatility whose magnitude is theoretically set the same across different delta values of an option. The standard Black-Scholes model...

Short Combination

An option combination that entails the simultaneous sale of a call option and put option on the same underlying, but...

Long Combination

An option combination that entails the simultaneous purchase of a call option and put option on the same underlying, but...