In option parlance, a condor is a variation on a butterfly option, in which the two short options (sold options)…
It stands for collateralized mortgage obligation swap. An interest rate swap (specifically an index amortizing swap) in which the amortization of…
A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest rates in Japan are very…
An option spread which involves buying a call with a given strike price and expiration date while short selling another…
A reverse knock-out option (RKO option) in which the barrier is at a level above the spot underlying price. This…
A market, commonly for trading options on futures on European exchanges, in which brokers contact each other over the counter…
A path-dependent interest rate option (specifically, an interest rate cap) which protects its holder against increases in total interest obligations…
A path-dependent interest rate option (specifically an interest rate floor) which provides investors holding floating rate assets with protection against…
A par asset swap whose underlying asset (e.g. a convertible bond) is repackaged with an equity warrant stripped therefrom, with…
A commodity swap in which one counterparty pays a rate based on the current difference between the spot price and…