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Conditional Currency Option

A currency option (FX option or foreign exchange option) in which the premium payment is conditional on the actual movement...

Forex Option

An option that gives the holder the right, without the obligation, to exchange a specific amount of money denominated in...

Points Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...

Zero Cash Cylinder Option

A cylinder option that involves the purchase of a FX call option and the selling of a same-currency FX put...

Pips Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...