A jelly roll consists of a long time spread and a short time spread, one made up of puts, the...
An agreement that a seller and a buyer enter into in order to exchange a straddle option at a specific...
An instrument (derivative) which derives its value from the performance or price movement of a financial instrument or index. Examples...
A reverse knockout option (RKO option) in which the barrier is at a level below the spot underlying price. This...
A reverse knock-out option (RKO option) in which the barrier is at a level below the spot underlying price. This...
A volatility trading strategy that combines an at-the-money forward call (ATMF call) with an ATMF put with opposite deltas, in...
An abbreviation for at-the-money elasticity; the elasticity of an option where its value increases (for a call) or decreases (for...
Also at-the-money strike; the strike price of an option which is equal to the spot price of its underlying. The...
An option whose payoff depends solely on the events specified to take place upon expiration, rather than the path taken...
A note that pays interest only if the floating interest rate (such as LIBOR) stays within a prespecified range. This...