Volatility Arbitrage
[概述]Tradingstrategiesthatattempttoexploitdifferencesbetweentheforecastedfuturevolatilityofanassetandtheimpliedvolatilityofop
Vega Neutral
[概述]Amethodofmanagingriskinoptionstradingbyestablishingahedgeagainsttheimpliedvolatilityoftheunderlyingasset.Aveganeutralopt
Purchased Service
[概述]TheadditionalamountofserviceyearsthatCanadianpensionerscanpurchasetogotowardstheirpensionaccount.Pensionersmaypurchasead
Put
[概述]Anoptioncontractgivingtheownertheright,butnottheobligation,tosellaspecifiedamountofanunderlyingassetatasetpricewithinasp
Horizontal Skew
[概述]Thedifferenceinimpliedvolatility(IV)acrossoptionswithdifferentexpirationdates.Horizontalskewreferstothesituationwhereata
Path Dependent Option
[概述]Anexoticoptionthatisvaluedaccordingtopre-determinedpricerequirementsforitsunderlyingassetorcommodity.Thepayoffsassociate
Uncovered Option
[概述]Atypeofoptionscontractthatisnotbackedbyanoffsettingpositionthatwouldhelpmitigaterisk.“Tradingnaked”,asitiscalled,posessi
Options Contract
[概述]Oneoptionscontractrepresentsonehundredsharesintheunderlyingstock.Thequotedpriceofanoptionispershare.Thequotedpriceofasto
Balloon Option
[概述]Anoptionwhosenotionalpaymentsincreasesignificantlyafterasetthresholdisbroken.Commonlyusedinforeignexchangemarkets,theseo
Options Backdating
[概述]Theprocessofgrantinganoptionthatisdatedpriortothedatethatthecompanygrantedthatoption.Inthisway,theexercisepriceofthegran
Implied Volatility - IV
[概述]Theestimatedvolatilityofasecurity'sprice.Ingeneral,impliedvolatilityincreaseswhenthemarketisbearishanddecreaseswhenthema
Inflation Swap
[概述]Aderivativeusedtotransferinflationriskfromonepartytoanotherthroughanexchangeofcashflows.Inaninflationswap,onepartypaysaf
Vomma
[概述]Therateatwhichthevegaofanoptionwillreacttovolatilityintheunderlyingmarket.Itisthesecondorderderivativeoftheoptionvaluewi
Combination
[概述]Whenaninvestorholdsapositioninbothcallandputoptionsonthesameasset.Therearevarioustypesofcombinationspreads,includingstra
Greeks
[概述]Dimensionsofriskinvolvedintakingapositioninanoption(orotherderivative).Eachriskvariableisaresultofanimperfectassumptiono
Risk Capital
[概述]Themoneythatapersonallocatestoinvestinginhigh-risksecurities.Basically,thisiscapitalthatyoucanlosewithouthavingtosleepon
Physical Option
[概述]現貨期權（PhysicalOption） 現貨期權是以現貨爲標的資產的期權，期貨期權是以期貨爲標的資產的期權。在交易所交易的期權主要有商品期權與金融期權兩大類，其中所有的商品期權都是以商品期貨作爲標的資產的，因此都是期貨期權；金融期權有的
Long Straddle
[概述]Astrategyoftradingoptionswherebythetraderwillpurchasealongcallandalongputwiththesameunderlyingasset,expirationdateandstr
Frontspread
[概述]Atypeofoptionsspreadinwhichatraderholdsmoreshortpositionsthanlongpositions.Thistypeofspreadhasunlimitedriskoflosswhileal
Reload Option
[概述]Anemployeestockoptionthatgrantsadditionaloptionsuponexerciseoftheoriginal.Theemployeesatisfiestheexercisepriceoftheircur
Managed Futures
[概述]Analternativeinvestmentstrategyinwhichprofessionalportfoliomanagersusefuturescontractsaspartoftheiroverallinvestmentstra
Bear Spread
[概述]1.Anoptionstrategyseekingmaximumprofitwhenthepriceoftheunderlyingsecuritydeclines.Thestrategyinvolvesthesimultaneouspurc
Synthetic Put
[概述]Aninvestmentstrategyofshortsellingasecurityandenteringalongpositiononitscall.Thisalmosthasthesameeffectasbuyingaput;thed
Condor Spread
[概述]Similartoabutterflyspread,acondorisanoptionsstrategythatalsohasabearandabullspread,exceptthatthestrikepricesontheshortca
Renewal Option
[概述]Aclauseinaleasethatoutlinesthetermsforrenewingorextendinganoriginalleaseagreement.Therenewaloptionappearsasacovenantinth
Bullet Dodging
[概述]Aformofoptiongrantinginwhichtheawardofoptionsisdelayeduntilapieceofbadnewsbecomesknowntothepublicandthestock'spricefalls
Serial Option
[概述]Ashort-termoptiononafuturescontractinwhichtheunderlyingexpiresinaforwardmonth.Inaserialoption,theoptionexpiresbeforetheu
Quadruple Witching
[概述]Adayonwhichcontractsforstockindexfutures,stockindexoptions,stockoptionsandsinglestockfutures(SSF)allexpire.Thisissimilar
Options Clearing Corporation - OCC
[概述]Aclearingorganizationthatactsasboththeissuerandguarantorforoptionandfuturescontracts.TheOptionsClearingCorporationisregu
Cashless Exercise
[概述]Atransactionthatisusedwhenexercisingemployeestockoptions(ESO).Essentially,whatyoudohereisborrowenoughmoneyfromyourbroker
Call Option
[概述]英文名稱：CallOption中文名稱：看漲期權指期權的購买者有權在期權合約規定的時間內以特定的價格买入一定數量的標的物（即股票、外匯、利率等），且沒有必須买入的義務。若投資者認爲未來股價上漲，則可买入看漲期權。如果行權日股票價格高於期權合
Credit Default Swap (CDS)
[概述]CreditDefaultSwap(CDS)信用違約互換定義 信用違約互換（CreditDefaultSwap,CDS)又稱爲信貸違約掉期，也叫貸款違約保險，是目前全球交易最爲廣泛的場外信用衍生品。ISDA（國際互換和衍生品協會）於199
Premium
[概述]1.Thetotalcostofanoption.2.Thedifferencebetweenthehigherpricepaidforafixed-incomesecurityandthesecurity'sfaceamountatiss
Ratio Call Write
[概述]Anoptionstrategyinwhichaninvestorownssharesintheunderlyingstockandwritesmoreat-the-moneycalloptionsthantheamountofunderl
Vertical Spread
[概述]Anoptionstradingstrategywithwhichatradermakesasimultaneouspurchaseandsaleoftwooptionsofthesametypethathavethesameexpirat
E-Mini
[概述]AnelectronicallytradedfuturescontractontheChicagoMercantileExchangethatrepresentsaportionofthenormalfuturescontracts.E-m
New York Board Of Trade - NYBOT
[概述]AcommoditiesexchangeinNewYorkthattradesfuturesandoptionsonsugar,cotton,coffee,cocoaandorangejuice,inadditiontointerestra
Expansion Option
[概述]Anembeddedoptionthatallowsthefirmwhichpurchasedtherealoptiontoexpanditsoperationsinthefutureatlittleornocost.Anexpansion
Gharar
[概述]AnIslamicfinancetermdescribingariskyorhazardoussale,wheredetailsconcerningthesaleitemareunknownoruncertain.Ghararisgener
Positive Carry
[概述]Astrategyofholdingtwooffsettingpositions,oneofwhichcreatesanincomingcashflowthatisgreaterthantheobligationsoftheother.Si