A volatility strategy (volatility trade) which combines futures and options and is constructed by buying a put option (long put)...

A call (i.e., request) which is issued by a broker demanding a customer (whether a short seller or a party...

The amount of cash or marginable securities (e.g., treasuries, blue chip stocks) that a holder of a futures or options...

An option pricing model that is used to value European futures options. This model was first developed by Fischer Black...

A structured product (structured certificate) that faithfully tracks the performance of its underlying. Its risk-return profile is identical to that...

A structured product (structured certificate) that faithfully tracks the performance of its underlying. Its risk-return profile is identical to that...

Taking an opposite or offsetting position in a derivative instrument or any other type of financial instruments with regard to...

A trading procedure or tactic that involves lifting a near-month futures position and re-establishing it in a later delivery month....

An agreement where one party pays the other a fixed spread (a number of basis points) between the nearby, expiring...

The interchangeability which characterizes a futures contract. More precisely, futures contracts for the same commodity and delivery month and which...