An option-based strategy which is established by purchasing a European-style option (the cap) and selling of another (the floor), both...

An option that can be exercised on discrete dates before expiration, such as the first of every month. This option is similar...

Another name for barrier option. By definition, it is an exotic option whose payoff depends on whether the underlying asset...

Another name for barrier option. By definition, it is an exotic option whose payoff depends on whether the underlying asset...

An exotic option whose payoff depends on whether the underlying asset price reaches a specified threshold (a predetermined knock-in or knock-out price) or not....

An option that can only be exercised on expiration date. An American option, in contrast, may be exercised at any...