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Option

A derivative contract granting its owner the right, but not the obligation to buy (for a call option) or sell (for a put option)...

Wedding Cake

An option which pays a fixed payout based on the movement of the underlying reference rate within certain pre-defined barriers....

Window Barrier Option

A type of barrier option for which the barrier strike is only active for a specific period during the option’s...

Cross Gamma

The gamma value that results when the delta of an underlying risk factor changes considerably without any movement in its...

Bullet

A standard option on an underlying contract which is composed of a strip of monthly, quarterly or seasonal futures, whereas...

Put Backspread

A variant on a bear put spread, and a strategy similar to the bull ratio spread in almost all aspects...

Partial Iron Butterfly

An iron butterfly that is biased upward or downward by selling only one of the out-of-the-money options of the strangle...

Put Option Premium

The up-front price a put option buyer (long) pays to a put option seller (short) against the right to exercise...

Bond Futures Option

A futures option in which the underlying of the underlying futures is a bond. In more specific terms, a bond...

Bond Call

It is a call option on  a bond; a bond option which gives the holder the right, without the obligation,...