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Position

In finance, a position is a specific amount of a security, commodity, or currency that is owned by a market...

Financial Position

Generally speaking, it is the amount of (or amount of exposure to) of a security, commodity, investment, or currency that...

Futures Equivalent

A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…

First-Loss Tranche

A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

Delta-Neutral Position

A position in which negative deltas offset positive deltas. The overall delta of the position is zero or very close…

First-Loss Position

A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

Position Trading

A trading that involves an investor (called a position trader) taking a position in the market, on expectation of, or...

Interest Rate Futures Option

A futures option whose underlying is a specific interest rate. The holder of such an option, by exercising it, obtains…

Roll Back

An options strategy that involves the replacement of a position by closing out one option contract with another that has…

Whipsaw

A loss that results from a security making a sudden reversal immediately after a position is taken. The whipping action…