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

When an investor purchases a stock on expectation its price will rise, he is said to have taken a long...

In simple terms, leverage revolves around doing more with less. In finance, it refers to the ability of an investor...

The position of the floating-rate receiver (who is also the fixed-rate payer) on an interest rate swap. In a plain...

An option-related instrument or fixed-income security which features low or no convexity, i.e., its sensitivity changes with the passage of...

A type of transformation that is based on the use of interest rate swaps. More specifically, it is a process...

A long position in a forward contract whereby an investor agrees to buy the underlying asset on a specified future...

An interest rate swap in which the floating rate leg pays LIBOR square (LIBOR is raised to the second power)...

An option combination that entails the simultaneous purchase of a call option and put option on the same underlying, but...

A jelly roll consists of a long time spread and a short time spread, one made up of puts, the other of calls, all having the same strike...