A deep out-of-the-money option which is sold, because it is very much out-of-the-money, at low price. Such an option costs...

An abbreviation for deep-in-the-money elasticity; the elasticity of an option where its value doesn't respond to changes in the underlying...

The elasticity of an option where its value doesn't respond to changes in the underlying price. As such, it delta...

The state of a derivative (swaps, options, etc.) being in a heavily losing position. In case of options, this implies...