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Relinking

The action which an investor takes by entering into an interest rate swap in order to offset an exposure to…

Rolling Down

The liquidation of an option position while at the same time taking an essentially equivalent position in an option with…

Roll Lock

The process of locking in a futures trader’s roll-over costs (i.e., hedging the trader’s roll risk) involving going long (buying)…

Synthetic Straddle

An option trading strategy that involves the combination of stocks or futures with options to create a delta-neutral position. A...

Reduced Cost Option

In general, any type of option in which the premium is reduced due to the sale of another option. In...

Short Call Calendar Spread

An option trading strategy which involves selling a far-month call option and buying a near-month call in order to benefit…

Short Calendar Straddle

A calendar straddle that is designed to profit as the underlying is expected to break out in either direction. This…

Short Put Condor

A neutral option trading strategy that is based on four legs involving selling a low strike put (one short put),…

Straddle Strip

An option trading strategy which involves buying between two and four straddles for one or more expiration months. The straddle…

Subordinate Basket Default Swap

A basket default swap which sets a maximum payout for each defaulted reference entity and a maximum aggregate payout over...