A cash-settled European call option whose strike price is zero or very close to zero. Since its being exercised is almost certain, this option replicates...

A call option in which the strike price is set at zero. The underlying of this option is typically a non-marketable asset such as shares in...

A state of the delta of an option which makes the variation of an in-the-money option's hedge ratio extremely wide just prior to expiration. It is...

The risk that arises when the price of an asset underlying an option approaches its strike price as it gets closer to expiration date. This is...

Generally speaking, it is the price at which a derivative contract can be exercised by the holder or the buyer....