A cash-settled option that sets a minimum limit (floor/ interest rate floor) on the spread between two benchmark interest rates…
An Asian option in which the average of underlying prices, interest rates, indices, etc, is calculated on all the time…
In option parlance, a condor is a variation on a butterfly option, in which the two short options (sold options)…
A reverse knock-out option (RKO option) in which the barrier is at a level above the spot underlying price. This…
An acronym for short-term interest rate option. By definition, it is an interest rate option in which the underlying is...
A short-term (usually 30-day) option on a futures contract whereby the option expires before its underlying futures reaches maturity. If…
An option (latent option) that gives the issuer of a convertible bond or convertible preferred stock the right to redeem…
A gut iron albatross spread which is constructed by selling one call at the lowest exercise price, buying one call...
In principle, a cliquet option/ ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its...
A three-pronged option trading strategy that involves buying (selling) a call spread and selling (buying) a put option in order...
