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Lookback Feature

With respect to option contracts and other types of derivatives, it refers to the feature allowing the holder (the long)…

Conditional Option

A standard option in which the payoff is derived under a specific condition imposed by the model on its underlying…

Butterfly

In the realm of options,  a butterfly is a vanilla option trading strategy which combines an out-of-the-money strangle with an…

Belgian Option

An option whose payoff is partially based on the movement of its underlying asset from initial cash price to the…

Cumulative Parisian Option

A barrier option that knocks in or out after the underlying spends a preset amount of time above or below…

Standard Cliquet

A cliquet (cliquet product) that has only the basic features without any additional (exotic) elements (as opposed to exotic cliquets)....

Plain Vanilla Cliquet

A cliquet (cliquet product) that has only the basic features without any additional (exotic) elements (as opposed to exotic cliquets)....

Vanilla Cliquet

A cliquet (cliquet product) that has only the basic features without any additional (exotic) elements (as opposed to exotic cliquets)....

Plain Vanilla Option

A standard option with no special or add-on features. Generally, plain vanilla products have standard and well-defined properties and trade actively....

Plain Vanilla Barrier Option

A standard barrier option where an event takes place at the first touch of the pre-specified barrier. In other words,...