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Put Volatility Trade

A volatility strategy (volatility trade) which combines futures and options and is constructed by buying a put option (long put)...

Put Swaption

A put option on a swap in which the buyer has the right, but is not obliged, to enter into...

Volatility

A measure of fluctuation in the price movement of an asset (usually, a tradable asset such as a stock) over...

Dynamic Topography

A topography report that shows the stability of a position with the passage of time, in an environment characterized by...

Gamma Topography

A topography report that shows the stability of a position with the passage of time, in an environment characterized by...

Margin Call

A call (i.e., request) which is issued by a broker demanding a customer (whether a short seller or a party...

Modified Alpha

A risk measure for options which is computed by relating an option's modified theta to its gamma: Modified alpha =...

Margin Requirements

The amount of cash or marginable securities (e.g., treasuries, blue chip stocks) that a holder of a futures or options...

Gamma Pricing Model

An option pricing model that is designed to measure the change in the price of an option as a result...

Diagonal Gamma

A type of gamma that measures the rate of change of sensitivity to price with respect to the change in...