In connection with a ladder option or similar-type option (e.g., a shout option), a rung is a trigger strike at...

An option in which the holder has the right to receive a payoff reflected in a range, or the difference...

It stands for realized variance or realized volatility; a realized variance a measure of rate/ price variability associated with the...

A measure of rate/ price variability associated with the payoff or return of an instrument. This measure is typically based...

A structured security (a floating rate note- floater) which enables investors to benefit from falling short-term interest rates. With a...

A contingent premium option in which payment of a premium is contingent on the option being out of the money...

An iron butterfly that is typically established by selling a lower strike out-of-the-money put option, buying a middle strike at-the-money...

An option trading strategy (options arbitrage) which involves buying a call and selling a put at the same strike price,...

A zero coupon swap in which payments are reversed. That is the zero coupon payment is made at the beginning...

An interest rate cap (cap) that comes with no additional features. In other words, the structure of a regular cap...