A diagonal calendar call spread which is constructed by selling a long-term at-the-money call option and buying a short-term out-of-the-money…

An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swap (STIRS) involves the settlement…

When a call option is exercised, it is said, then, to have been called. For an option on a physical…

The illegal practice whereby traders attempt to control the price of a financial security or commodity available to trade in…

An abbreviation for collateralized mortgage obligation. A mortgage-backed bond where holding investors are divided into tranches (maturity classes) and principal…

A market situation where holders of short positions attempting to cover their positions fail to find an adequate supply of…

In common practice, no up-front fees are paid to enter a swap agreement. However, in the early days of swaps,…

A trading that involves selling securities an investor doesn’t own. The broker borrows the securities from another client and sells…

The maximum position, either net long or net short, which is taken in one commodity future (or commodity option) or…

An option which gives its holder the right to exercise on the best or worst return earned on two or…