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Non-Deferred Floored Put

A floored put whose payoff is received instantaneously by the option holder. The payoff is a cash amount equal to…

Natural Gas Derivative

A derivative in which the underlying is natural gas. An example is the natural gas futures contract which is traded...

Narrow-Based Index

An index which consists of futures contracts on a small set of stocks related to a specific sector (energy, pharmaceuticals,...

Put Ratio Spread

Another name for a bear ratio spread which is a variant on a bear put spread, and a strategy similar...

Pyramiding

A trading strategy that involves the use of excess margin or "buying power", in a successful speculative endeavor, in order...

Intercommodity Spread

A spread whose long and short legs are two different markets. However, the markets are usually related. The intercommodity spread...

Intermarket Spread

A spread whose long and short legs are two different markets. However, the markets are usually related. The intermarket spread...

Interdelivery Spread

A futures or option trading technique that involves buying a contract with a given expiration or delivery month and selling...

Near Perfect Floating Rate Note

A floating rate note that is embedded with caps or collars (caps and floors) so that the floating rate movement…

Normal Price of Option

An estimated price of option based on the premise that the relationships between the underlying price and the option price…