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Option Sensitivity

One of the multiple tools that measure how an option's price and risk are affected by the underlying parameter on...

Extinguishable Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Deferred Start Option

A type of option which effectively comes into life at a future date and is traded before that date and…

Basket Currency Put Option

A basket currency option that constitutes a put on a collection (basket) of currencies treated together as a portfolio. A...

Basket Currency Call Option

A basket currency option that constitutes a call on a collection (basket) of currencies treated together as a portfolio. A...

Currency Option

An option contract (a currency derivative) that gives its holder the right, but without the obligation, to buy or sell...

AON Exercise

It stands for all-or-none exercise; a style of exercise for options whereby the holder cannot exercise only on part of...

All-Or-None Exercise

A style of exercise for options whereby the holder cannot exercise only on part of a basket or portfolio of...

Basket Currency Option

An option that combines the features of both currency options and basket options. By definition, it is a put or...

Delta-Gamma-Kappa-Rho Hedge

A complex hedging technique which is designed to mitigate different risk exposures usually associated with options. Those exposures are often…