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ATM Forward Call Option

An at-the-money forward call option is a call with a strike price equal to the forward price of the underlying...

Delta

It has different implications in different contexts. In general, delta defines the number of units of an asset that should...

ATM Forward Put Option

An at-the-money forward put option is a put with a strike price equal to the forward price of the underlying...

Alternative Option

An option which gives its holder the right to exercise on the best or worst return earned on two or...

Deep In The Money

An option is said to be deep in the money when its exercise price is significantly below (for a call...

Perpetual Floater

A floater that that has no redemption date (maturity date), i.e., whose principal never matures. The note only has perpetual...

Auto-Quanto Option

A quanto option in which the terminal payoff is denominated in a foreign currency, instead of the domestic one (the...

Spark Spread Swaption

An option that gives the holder the right, without the obligation, to enter into a spark spread swap by a...

Spark Spread Option

An option on the spark spread, i.e., the difference between power prices and prices of fuels and emission. It gives...

Bermudan Option

An option that can be exercised on discrete dates before expiration, such as the first of every month. This option...