A payoff (of some derivative instrument) whose amount is a concave function of the value of the underlying instrument. The...
An at-the-money forward call option is a call with a strike price equal to the forward price of the underlying...
It has different implications in different contexts. In general, delta defines the number of units of an asset that should...
An at-the-money forward put option is a put with a strike price equal to the forward price of the underlying...
An option which gives its holder the right to exercise on the best or worst return earned on two or...
An abbreviation for deep-in-the-money elasticity; the elasticity of an option where its value doesn't respond to changes in the underlying...
The elasticity of an option where its value doesn't respond to changes in the underlying price. As such, it delta...
An option is said to be deep in the money when its exercise price is significantly below (for a call...
The state of a derivative (swaps, options, etc.) being in a heavily losing position. In case of options, this implies...
A forward contract/ futures contract that has a flat/ constant contango over the course of its lifespan. Contango occurs when...