Portfolio Margin
[概述]Themoderncomposite-marginrequirementsthatmustbemaintainedinaderivativesaccountcontainingoptionsand/orfuturescontracts.Po
Overwrite
[概述]Atypeofcovered-callstrategythatconsistsofwritingcalloptionsonstocksthatthewriteralreadyownstogeneratemaximumcurrentincom
Deep In The Money
[概述]Anoptionwithanexerciseprice,orstrikeprice,significantlybelow(foracalloption)orabove(foraputoption)themarketpriceoftheund
Economic Derivative
[概述]Arelativelynewformofderivativecontract(thefirstonesweretradedin2002)thatisbasedonthefuturevalueofsomenationaleconomicind
Deferred Payment Option
[概述]AnoptionwithallthecharacteristicsofanAmericanvanillaoption,withoneexception:paymentisdeferreduntiltheoriginalexpirationd
Average Price Call
[概述]英文名稱：AveragePriceCall中文名稱：平均價格买入期權期權的一種，其收益爲零或等於資產平均價格高於執行價格的金額。Atypeofoptionwherethepayoffiseitherzeroortheamountbywhic
Volatility Smile
[概述]Acommongraphicalshapethatresultsfromplottingthestrikepriceandimpliedvolatilityofagroupofoptionswiththesameexpirationdate
Actuarial Equity
[概述]Thecalculationofaninsurancepremiumbasedoncrucialfactorssuchastheapplicant'sage,gender,health,familyhistoryandthetypeofin
OTC Options
[概述]Exoticoptionstradedontheover-the-countermarket,whereparticipantscanchoosethecharacteristicsoftheoptionstraded.Theflexibi
Leg
[概述]1.Termdescribinganorderentrytechniqueusedbybrokers.Alegoccurswhenabrokerexecutescontingentordersinseparatephases,thusinc
Price Swap Derivative
[概述]Anobligationmadebyonecompanytosecurethedecliningvalueofanothercompany'sassetsthroughthecommitmentofshares.MadefamousbyEn
Digital Option
[概述]Anoptionwhosepayoutisfixedaftertheunderlyingstockexceedsthepredeterminedthresholdorstrikeprice.Alsoreferredtoas"binary"o
Escrow Receipt
[概述]Abankguaranteethatanoptionwriterhastheunderlyingsecurityondepositandthattheunderlyingsecurityisreadilyavailablefordelive
Put-Call Parity
[概述]Aprinciplereferringtothestaticpricerelationship,givenastock'sprice,betweenthepricesofEuropeanputandcalloptionsofthesamec
Bermuda Option
[概述]Atypeofoptionthatcanonlybeexercisedonpredetermineddates,usuallyeverymonth.LikethemixedcultureofBermuda,bermudaoptionsare
Master Swap Agreement
[概述]Abasic,standardizedswapcontractcreatedbytheInternationalSwapsandDerivativesAssociationinthelate1980s.Thestandardagreemen
Calendar Spread
[概述]Anoptionsorfuturesspreadestablishedbysimultaneouslyenteringalongandshortpositiononthesameunderlyingassetbutwithdifferent
At The Money
[概述]英文名稱：AttheMoney中文名稱：期權處於平價狀態指標的資產的當前價格與期權合約中約定的买入價格或賣出價格非常接近的狀態，可以略低或略高。Anoptionisat-the-moneyifthestrikepriceoftheoptio
Registered Options Trader
[概述]Anindividualworkingonthefloorofanexchangewhosefunctionitistowatchanumberofoptionstradedontheexchangetoensurethattheyareb
Volatility Quote Trading
[概述]Amethodofquotingoptioncontractswherebybidsandasksarequotedaccordingtotheirimpliedvolatilitiesratherthanprices.Usedmainly
Actuals
[概述]英文名稱：Actuals中文名稱：現貨1．商品期貨合約標的實物，如石油、玉米或黃金；2．买方先付款或在極短的期限內付款的商品總稱。現貨交易中通行的是一手交錢一手交貨或以貨易貨的交易方式。Thephysicalcommoditythatund
Delta
[概述]Theratiocomparingthechangeinthepriceoftheunderlyingassettothecorrespondingchangeinthepriceofaderivative.Sometimesreferre
Illiquid Option
[概述]Anoptioncontractthatcannotbesoldforcashquicklyattheprevailingmarketprice.Illiquidoptionshaveverylowornoopeninterest.Most
Put Calendar
[概述]Anoptionstrategy:-Buyoneputoptioncontractwith90daysormoreuntilexpiration-Selloneputoptioncontract(atthesamestrikeprice)w
Bookout
[概述]TheprocessofclosingoutapositioninaswapcontractoranotherOTCderivativeagreementpriortomaturity.Thepositionisclosedbytaking
Option Schedule
[概述]Alistofoptionsgrantstoanemployeeoremployeesofacompanythatcontainthedateandsize(inshares)ofeachgrant,aswellastheexpiratio
Forward Swap
[概述]Aswapagreementcreatedthroughthesynthesisoftwoswapsdifferingindurationforthepurposeoffulfillingthespecifictime-frameneeds
S&P 500 Mini
[概述]AderivativecontractrepresentingadesignatedfractionofthetradingvalueofastandardS&Pfuturesoroptionscontract.Designedto
Association Of Futures Brokers And Dealers - AFBD
[概述]AnorganizationestablishedbythemajorLondonfuturesexchangestoprovideregulatorysupervisionforfuturesbrokersanddealers.TheAs
London International Financial Futures And Options Exchange - LIFFE
[概述]AfuturesandoptionsexchangeinLondon,EnglandthatwasmodeledaftertheChicagoBoardofTradeandtheChicagoMercantileExchange.Simil
Call
[概述]1.Theperiodoftimebetweentheopeningandclosingofsomefuturemarketswhereinthepricesareestablishedthroughanauctionprocess.2.A
Option Pricing Theory
[概述]Anymodel-ortheory-basedapproachforcalculatingthefairvalueofanoption.ThemostcommonlyusedmodelstodayaretheBlack-Scholesmod
Box Spread
[概述]Adualoptionpositioninvolvingabullandbearspreadwithidenticalexpirydates.Thisinvestmentstrategyprovidesforminimalrisk.Addi
Delivery
[概述]英文名稱：Delivery中文名稱：交割／交貨將合約牽涉的商品、證券、現金或交割文件送交給合約持有人，並由合約持有人收妥，從而實現商品、證券、現金的轉移。Theactionbywhichanunderlyingcommodity,secur
Montreal Exchange
[概述]ACanadianderivativesexchangethatfacilitatesthetradingofstockoptions,interestratefuturesandoptions,aswellasindexoptionsan
Optionable Stock
[概述]Astockthathasoptionstradingonamarketexchange.Notallcompaniesthattradepubliclyhaveexchangetradedoptions,thisisduetorequir
Christmas Tree
[概述]Anoptionstradingstrategythatisgenerallyachievedbypurchasingonecalloptionandsellingtwoothercalloptionsatdifferentstrikepr
Expiration Time
[概述]Aspecifiedtime,afterwhichtheoptionscontractisnolongervalid.Theexpirationtimegivesamorespecificdeadlinetoanoptionscontrac
Theta
[概述]Ameasureoftherateofdeclineinthevalueofanoptionduetothepassageoftime.Thetacanalsobereferredtoasthetimedecayonthevalueofan
Rho
[概述]Therateatwhichthepriceofaderivativechangesrelativetoachangeintherisk-freerateofinterest.Rhomeasuresthesensitivityofanopt