An approximation procedure for valuing a call option on a dividend-paying share of stock. It was developed by Fischer Black...

An option strategy whereby a number of put options are bought at a certain exercise price and an equal number...

A delta-neutral ratio spread, or a reverse option hedge, whereby the number of options bought exceeds that of the options...

A variant on a bear put spread, and a strategy similar to the bull ratio spread in almost all aspects...

A market where prices are decreasing or expected to be decreasing or following a declining trend over a period of...

A market adage or saying (market maxim) that implies the notion that market reacts to information including news and rumors,...

A trade that involves purchasing a security or derivative contract for the sole purpose of selling at a profit later...

An arbitrage strategy which involves locking in the gains arising from one position in a specific security (or broadly, an...

A method of transporting the active return (alpha) among asset classes by separating and transporting uncorrelated incremental returns from one...

A financial product (derivative) that tracks the performance of an underlying asset on a one-to-one basis. In other words, if...