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Ratchet Option

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The “ratchet” label refers...

Moving Strike Option

An option that is composed of a sequence of forward-starting options. The option’s strike price for the next maturity date...

Ratchet Collared FRN

A collared FRN in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...