In connection with a ladder option or similar-type option (e.g., a shout option), a rung is a trigger strike at...

An option whose payoff depends on the difference between the final asset price and the average strike price. More specifically,...

An option whose strike price is not specified at the time of the trade. Instead, it is set as the...

The strike of an option contract that can be changed during the life of the option. For example, a commodity...

A step option which is equipped with an upward strike price reset mechanism effective within a limited period at a...

An option or futures spread trade that is established by simultaneously buying and selling options or futures that have different...

The relation between the strike price of a derivative (option) and the price of the underlying asset. That is, moneyness...

A volatility trading strategy that combines an at-the-money forward call (ATMF call) with an ATMF put with opposite deltas, in...

An abbreviation for at-the-money elasticity; the elasticity of an option where its value increases (for a call) or decreases (for...

Also at-the-money strike; the strike price of an option which is equal to the spot price of its underlying. The...