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No-Touch Digital

A digital option that pays out if the underlying doesn’t touch (breach) a specified barrier. Therefore, the option includes a...

Calendar Spread

An option or futures spread trade that is established by simultaneously buying and selling options or futures that have different...

Chooser Flexible Cap

A modification of the flexible cap. It combines the features of a flexible cap and a chooser cap. More specifically,...

Chooser Swap

An interest rate swap giving the holder the option to choose to enter into either a receiver swap or a...

Chooser Option

An option that gives its holder the right to decide before maturity whether to go with it as a call...

Portable Alpha

A method of transporting the active return (alpha) among asset classes by separating and transporting uncorrelated incremental returns from one...

Vomma

An option sensitivity measure (a second-order greek) that captures the second order sensitivity of an option to the volatility of...

Put CDS

A CDS option (option on a credit default swap) that grants the holder the right to sell credit protection on...

Put CAPS

A CAPS “option” in which a maximum level is placed on the payout in the form of a specified points...

Call CAPS

A CAPS “option” in which a maximum level is placed on the payout in the form of a specified points...