It stands for long-term equity anticipation security; an American call or put option on securities or indexes. This kind of...

A path-dependent option which takes into account infrequent movements in the underlying asset over the life of the option. For...

A position in options (a situation/ relationship expressed originally as vega) in which any increase in the implied volatility of...

A tool which is used to compare the change in option price to a 1% change in option volatility. Mathematically,...

An interest rate swap in which the floating rate (LIBOR) is set in advance, rather than in arrears. That is,...

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined...

It stands for London Interbank Offered Rate. It is the rate of interest at which AA-rated banks borrowed large amounts...

The fixed rate on a single-currency, fixed-notional interest rate swap that has its floating-rate leg referenced to LIBOR with no...

An aggressive (and rare) form of interest rate swaps (literally a power swap) which was first entered into between Gibson...

An option contract, call or put, that trades (i.e., is listed) on an organized or regulated securities or futures exchange....