Delta Hedging
[概述]Anoptionsstrategythataimstoreduce(hedge)theriskassociatedwithpricemovementsintheunderlyingassetbyoffsettinglongandshortp
Lattice-Based Model
[概述]Anoptionpricingmodelthatinvolvestheconstructionofabinomialtreetoshowthedifferentpathsthattheunderlyingassetmaytakeoverth
Booking the Basis
[概述]Anarrangementmadebetweenabuyerandsellergivingeitherpartytheability,atsomefuturedate,todeterminethecashpriceoftheforwards
Last Trading Day
[概述]Thefinaldaythatafuturescontractmaytradeorbeclosedoutbeforedeliveryoftheunderlyingassetorcashsettlementmustoccur.Bytheend
Shareholder Value Transfer - SVT
[概述]Ameasurementoftheamountofshareholders'equityflowingoutofacompanytoitsexecutivesthroughexercisedstockoptions.Thisisusuall
Down-and-Out Option
[概述]英文名稱：Down-and-outOption中文名稱：下跌即撤銷期權一種界限期權（barrieroption），在標的物價格跌破預先約定的水平後失效。Atypeofknock-outbarrieroptionthatceasestoexi
Option Income Fund
[概述]Atypeofmutualfundwiththegoaltogeneratecurrentincomeforitsinvestorsfromthepremiumitearnsbysellingoptioncontracts.Theprofi
Lambda
[概述]Aratiocomparingchangeinoptionpricetoa1%changeinoptionvolatility.Itisthepartialderivativeoftheoptionpricewithrespecttothe
Seller's Option
[概述]Therightofaforwardcontractsellertochoosesomeofthespecificationsofacommoditytobedelivered.Thechoicesaboutthedeliveredcomm
Plain Vanilla
[概述]Themostbasicorstandardversionofafinancialinstrument,usuallyoptions,bonds,futuresandswaps.Plainvanillaistheoppositeofanex
Cash-or-Nothing Call
[概述]Atypeofoptionwhosepayoffissettoaspecifiedfixedpriceifthefinalassetpriceisabovethestrikeprice;ifnot,thepayoffissettozero.
Embedded Option
[概述]嵌入式期權(Embeddedoption)嵌入式期權是指在其他金融工具上“嵌入”一個選擇權，而不一定是一個完整的期權工具。這種嵌有期權的創新金融工具有時也稱“期權雜交”(optionhybrid)，它是品種最多、最爲常見且運用最爲廣泛的一類
Modidor
[概述]Anoptionsstrategythatconsistsofbuyingandsellingout-of-the-moneycallsandputsandisdesignedtolockininvestorreturnsaboveorbe
Capping
[概述]1.Thepracticeofsellinglargeamountsofacommodityorsecurityclosetotheoptionsexpirydateinordertopreventariseinmarketprice.2.
Early Exercise
[概述]Whenanoptionorothersecurityisexercisedpriortoitsmaturitydate.Europeanoptionsdon'tallowearlyexercise,whereasAmerican-styl
Chooser Option
[概述]任選期權又稱選擇人期權(ChooserOption)，指在—定期限內可由多頭選擇該期權爲看漲期權還是看跌期權的期權。Anoptionwheretheinvestorhastheopportunitytochoosewhethertheopt
Automated Clearing House - ACH
[概述]Anelectronicfunds-transfersystemrunbytheNationalAutomatedClearingHouseAssociation.Thispaymentsystemdealswithpayroll,dire
Capped Option
[概述]英文名稱：CappedOption中文名稱：有上限期權指預先設定有利潤上限的一種期權，當其相關證券價格等於或高於（對买入期權而言）或相等於或低於（對出售期權而言）期權上限價格時，期權將會自動被行使。Anoptionwithapre-esta
Cash-Settled Options
[概述]Atypeofoptionforwhichactualphysicaldeliveryofthesecurityisnotrequired,duetothehighcostsoftransport,orsimplywhenthepurcha
Commercial Visa
[概述]Agovernment-issueddocumentthatallowsnoncitizenstoenteraforeigncountrytemporarilyforbusinesspurposes.Acountrymayissuecomm
Options On Futures
[概述]Anoptiononafuturescontractgivestheholdertherighttoenterintoaspecifiedfuturescontract.Iftheoptionisexercised,theinitialho
Double Hedging
[概述]Hedgingapositionbyusingfuturesandoptions,therebydoublingthesizeofthehedge.TheCommodityFuturesTradingCommission(CFTC)cons
Coffee, Sugar and Cocoa Exchange - CSCE
[概述]Acommoditiesexchangeformedin1979fortradingcoffee,sugarandcocoafutures.Theexchangehasitsrootsinthe1882CoffeeExchange,whic
Series 3
[概述]Asecuritieslicenseentitlingtheholdertosellcommoditiesorfuturescontracts.TheSeries3examisadministeredbytheFinancialIndust
Incentive Stock Option - ISO
[概述]Atypeofemployeestockoptionwithataxbenefit,whenyouexercise,ofnothavingtopayordinaryincometax.Instead,theoptionsaretaxedat
Iron Condor
[概述]Anadvancedoptionsstrategythatinvolvesbuyingandholdingfourdifferentoptionswithdifferentstrikeprices.Theironcondorisconstr
Options Price Reporting Authority - OPRA
[概述]Acommitteeofrepresentativesfromparticipatingexchangesresponsibleforprovidinglast-saleoptionsquotationsandinformationfrom
Replacement Swap
[概述]Asubstituteforaswaparrangementthatisterminatedbeforeitmatures.Aswapmaybeendedearlyifthereisaterminationeventoradefault.I
Naked Option
[概述]裸期權（NakedOption）裸期權又稱無保護期權、無掩護選擇權，是指期權賣方本身並未持有期權標的資產的期權，如股票看漲期權賣方本身並沒有持有期權相應的股票。Anoptionpositionwherethebuyerorsellerhas
Contract Size
[概述]Thedeliverablequantityofgoodsorcommoditiesunderlyingfutures,forwardandoptioncontracts.Eachcontractwillhaveawelldefinedco
Indemnification Method
[概述]Atechniqueforcalculatingterminationpaymentswhenaswapisendedearly.Theindemnificationmethodrequirestheresponsiblecounterpa
Stock Replacement Strategy
[概述]Aninvestmentstrategythatattemptstomimicthereturnsofacertainassetorgroupofassetsbyusingacombinationofdifferentderivatives
Bilateral Netting
[概述]Theprocessofconsolidatingswapagreementsbetweentwopartiesintoasingleagreement.Asaresult,insteadofeachswapagreementleading
Spring Loading
[概述]Anoption-grantingpracticeinwhichoptionsaregrantedatatimethatprecedesapositivenewsevent.Springloadingreliesonthefactthatp
Married Put
[概述]Anoptionstrategywherebyaninvestor,holdingalongpositioninstock,purchasesaputonthesamestocktoprotectagainstadepreciationin
STIR Futures & Options
[概述]Anacronymstandingfor"short-terminterestrate"optionsorfuturescontract.ManycompaniesandfinancialinstitutionsuseSTIRcontrac
Derivatives Time Bomb
[概述]Apossibilesituationwherethefinancialmarketsplungeintochaosifthemassivederivativespositionsownedbyhedgefundsandthelargeba
Assign
[概述]Theactofclearinghousesandbrokeragesselectingshortoptionandfuturecontractholderstodeliverunderlyingsecuritiesorcommoditie
Kappa
[概述]Usedinregressionanalysis,Kapparepresentstheratioofthedollarpricechangeinthepriceofanoptiontoa1%changeintheexpectedpricev
Deliverable Grades
[概述]Thedeliverablegradespecifiestheminimumqualityofthecommoditythatistobedeliveredunderacontract.Carefullyspecifyingthedeliv