The trader who takes a short position in futures, i.e., he/she will sell the underlying commodity of a futures contract,…
The trader who takes a long position in futures, i.e., he/she will buy the underlying commodity of a futures contract,…
An option that gives its holder the right, without the obligation, to enter into a forward swap at a given maturity/expiration…
A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…
Flexible options, or FLEX options, that are offered on equities and equity indices with nonstandard terms. Such nonstandard terms usually…
It stands for “forward implied volatility“. The future levels of volatility calculated taking into account current market prices of options.…
An option contract that has an earlier expiration date than a contract that is presently being devised or considered. For…
A structured forward contract which gives the holder the right, without the obligation, to buy or sell forward at maturity…
A trader or investor who sells a covered or naked option to the effect that the buyer is being delivered…
It stands for United Currency Options Market. A proprietary system which was introduced by the Philadelphia Stock Exchange (PHLX) to…