The situation or movement of the market as a whole, rather than a certain industry, sector, stock, etc. For example,…

An index that measures the 12-month average of the monthly average yields (dealer bid rates) of 3-month certificates of deposit…

A neutral strategy (originally a long straddle) that is based on two legs involving two at-the-money calls or close to…

A straddle whereby an investor simultaneously buys two options (a call and a put) on the same stock, index, interest…

A neutral option trading strategy that is based on four legs involving selling a low strike put (one short put),…

A neutral option strategy (in essence, it is a short straddle strategy) that is based on two legs involving selling…

A bond that pays interest only if the floating interest rate (such as LIBOR) or aninterest rate option underlying a…

The week that begins on Monday prior to the Saturday expiration of any four classes of option contracts. The week…

The month that that marks the expiration of any four classes of option contracts. This month, the last month in…

An Islamic fiqh term that is associated with the process of sulh al-ibra’ or discharge reconciliation. The creditor party accepts…