A risk measure for options which is computed by relating an option's theta to its gamma: Alpha = decay/gamma This second-order greek expresses the quality of gamma...

A variation on maximum and minimum options (best-of and worst-off options) which pays the Euclidian distance between the current price and the strike price of its...

An option trading strategy that involves buying a call option at a given strike price and selling a call option...

A call option in which the strike price is set at zero. The underlying of this option is typically a non-marketable asset such as shares in...

An exotic option whose standard payoff (underlying price in excess of the exercise price) is raised to a specific power (such as...

An option whose payoff is based on the price of an underlying asset raised to a power. It is designed to allow the buyer...

A synthetic futures which consists of buying calls and selling the same amount of puts with the same strike price and expiration date. Long synthetic futures = (long...

An option trading strategy where an investor buys a call and a put on the same underlying with the same expiration date but with...

A synthetic straddle that is constructed either with a long put and a long synthetic call (long put combined with long stock) or with a long call and a long...

A step-up callable note whose initial coupon is well above market rates (for vanilla bonds) and which allows more than one step-up (increase) in its...