A position in options (vega) in which any decrease in the implied volatility of the underlying asset will generate a profit, even...

An option on a defaultable instrument, which is, as such, subject to default risk resulting from the probability that the instrument’s issuer could not honor its contractual...

A standard option with no special or add-on features. Generally, vanilla products have standard and well-defined properties and trade actively. This category...

A path-dependent option that is typically embedded in a structured note (range note), allowing the holder to receive a coupon at maturity,...

A type of mountain range options (on the market since 1990s) that offers the option holder a payoff provided that none of the underlying...

A European option that grants the holder the right, without the obligation, to buy or sell credit protection on a specific reference entity for a specific...

An option on credit which gives the holder the right to enter into a credit default swap at a given expiration date, at no...

An option on a credit default swap. It provides the holder with the right, without the obligation, to enter into a credit default swap at...

In essence, beta is a measure of how a stock’s volatility changes in relation to the overall market. An option's beta is the covariance of the option's return...

A type of exotic option in which the holder receives a payout once the price of the underlying asset reaches or exceeds a specific...