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Bear Fence

A fence whereby a put option is long (long put) and a call option is short (short put), both being...

Cross Currency Option

A cash-settled option that entails the exchange of one currency into another with the premium usually paid in a third...

Double No-Touch Option

An option, also known as a range binary option or a double lock-out option, whereby an investor can receive a...

Digital No-Touch Option

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

Digital Instant One-Touch Option

A one-touch option which pays a preset amount at the point when the underlying touches the barrier, rather than at...

Instant One Touch Option

A barrier option (also a type of binary/ digital options) whose payoff will be paid out at first hitting time:...

Sticky Floor

A nonstandard interest rate floor in which the floor rate for each floorlet is equal to the sum of the...

NEO

It stands for non-equity option; an option whose underlying is a security other than stock, such as a commodity, debt...

Non-Equity Option

An option whose underlying is a security other than stock, such as a commodity, debt security, financial futures, index, etc....

Spark Spread Swaption

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