A time-dependent option contract that consists of a series of consecutively-activated forward start options, each of which is struck at...

An option contract whose payoff depends on the price of an regular option at a single future time. For instance,...

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The option constitutes a...

A time-dependent option contract that consists of a series of consecutively-activated, at-the-money forward start options, each of which is struck...

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