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Option

A derivative contract granting its owner the right, but not the obligation to buy (for a call option) or sell (for a put option)...

Put Backspread

A variant on a bear put spread, and a strategy similar to the bull ratio spread in almost all aspects...

Put Option Premium

The up-front price a put option buyer (long) pays to a put option seller (short) against the right to exercise...

Position Limit

The maximum number of option contracts that an investor can hold on one side of the market. Accordingly, long calls...

Strike Price

Generally speaking, it is the price at which a derivative contract can be exercised by the holder or the buyer....

Exercise Price

The fixed price at which the underlying asset of an option contract may be bought or sold. For example, the...

Exercise Limit

It usually equals the position limit. However, by definition, it is the maximum number of option contracts that can be...

European Option

An option that can only be exercised on expiration date. An American option, in contrast, may be exercised at any...

Dint

A call or put option whereby the holder has the retroactive right to purchase (if a call) or sell (if...

No-Cost Risk Reversal

A risk reversal that allows investors to avoid paying a premium for an option. In this option strategy, the premium...