The purchase of one option and the sale of a different-type option with a different strike price. In other words,…
A currency market tool, similar to an option, which is used principally to avail of a move in the underlying…
A binary option that can be exercised only at the end of its life (i.e., on expiration date). That is,...
A type of barrier options (a floored put) which is associated with a strike price and a floor barrier below…
A diagonal calendar spread (or a calendar diagonal spread) which constitutes an option trading strategy based on the selling of…
With respect to an option's strike (strike price), it refers to the situation where the implied volatility (volatility skew) remains...
An interest rate floor (i.e., a contract on a minimum interest rate) whereby the seller pays the buyer, at periodic…
A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…
An exotic put option where its payoff is determined by one of two values: zero (if the average market price…
A capped-style option in which a cap interval is subtracted from its strike price in order to establish a modified…