A put option on a call option. It gives the holder the right, without the obligation, to sell a call...

An albatross spread that involves only put options. In other words, it is established by buying one in-the-money put, selling...

A put option on a put option. It gives the holder the right, without the obligation, to sell a put...

A simple derivative instrument that pays at maturity the ratio of its underlying price/ rate to its strike level, with...

A situation that occurs when the underlying of an option settles near or at its strike price (exercise price) at...

An option contract for which no premium is paid upfront by the buyer. However, a prespecified premium should be paid...

An interest rate swap that is subject to interest rate cap in which the fixed-rate payer pays the at-market rate...

A type of binary option (digital option) whose payoff depends on how much two assets (the pair) perform with respect...

An extendable swap which combines a fixed payer swap and a payer swaption. For example, an investor buys a swap...

An acronym for preferred equity redemption cumulative stock. By definition, it is an equity derivative (specifically an equity buy-write structure)...