A naked option is an option that is not covered with an offsetting position in the underlying. In other words,...

A situation where the implied volatility (volatility skew) remains unchanged (i.e., it sticks) for any given delta or moneyness. Options...

A situation where the implied volatility (volatility skew) remains unchanged (i.e., it sticks) for any given delta or moneyness. Options...

A situation where the implied volatility (volatility skew) remains unchanged (i.e., it sticks) for any given moneyness. In other words,...

An abbreviation for at-the-money spot; the situation in which the strike of an option is set equal to the spot rate (e.g., FX...

A straddle whose strike is equal to (or closest to) the price of its underlying asset. It is a combination of a call option and a option...

The situation in which the strike of an option is set equal to the spot rate (e.g., FX rate) at which the option delta is hedged....

A plain vanilla option in which the strike is determined as a percentage of the future/forward price. For instance, a 110% moneyness...

The situation in which the strike of an option is set equal to the forward price (e.g., FX rate) for the same expiration date of the...

A swaption (swap option) in which the strike price of the option is higher than the forward rate (in the swap). This out-of-the-money option (in...