Blue Month
[概述]Themonthduringwhichthereisthegreatesttradingactivityinderivativestrading.Thesederivativescanbeoptions,futures,orothertyp
Futures
[概述]Afinancialcontractobligatingthebuyertopurchaseanasset(orthesellertosellanasset),suchasaphysicalcommodityorafinancialinst
Conversion Value
[概述]Thefinancialworthofthesecuritiesobtainedbyexchangingaconvertiblesecurityforitsunderlyingassets.Convertiblesareacategoryo
Boston Options Exchange - BOX
[概述]Anall-electronicequityderivativesexchangelaunchedonFebruary6,2004,asajointeffortbytheMontrealExchange,BostonStockExchang
Trinomial Option Pricing Model
[概述]Anoptionpricingmodelincorporatingthreepossiblevaluesthatanunderlyingassetcanhaveinonetimeperiod.Thethreepossiblevaluesth
Chicago Board Options Exchange - CBOE
[概述]Foundedin1973,theCBOEisanexchangethatfocusesonoptionscontractsforindividualequities,indexesandinterestrates.TheCBOEisthe
Date Certain
[概述]Atermidentifyingthedateon/bywhichthespecifiedactionsofacontractcanbereasonablycompleted.Thisdateisimportant,asitisgenera
Cash-or-Nothing Put
[概述]Atypeofoptionwhosepayoffissettoaspecifiedfixedpriceifthefinalassetpriceisbelowthestrikeprice;ifnot,thepayoffissettozero.
Russian Option
[概述]Alookbackoptionwithoutanexpirydate.ThistypeofoptioncanhaveeitheranAmericanoraMid-Atlanticsettlement.ARussianoptionisaper
Volatility
[概述]1.Astatisticalmeasureofthedispersionofreturnsforagivensecurityormarketindex.Volatilitycaneitherbemeasuredbyusingthestand
Leverage Build Up
[概述]Theaccumulationofadditionaldebttoenterapositionthathasthepotentialforlargereturns.Fromtheperspectiveofportfoliomanagemen
Floortion
[概述]Atypeofoptionthatgivestheholdertheright,butnottheobligation,topurchaseorsellaninterestratefloorataspecificpriceduringapr
Average Price Put
[概述]Atypeofoptionwherethepayoffiseitherzeroortheamountbywhichthestrikepriceexceedstheaveragepriceoftheasset.Theaveragepriceo
Mini-Sized Dow Options
[概述]AtypeofoptionforwhichtheunderlyingassetsareDowJonesIndustrialAveragefuturescontracts.Theoptionhasa5timesmultiplier,which
Down Transition Probability
[概述]Theprobabilitythatanasset'svaluewilldeclineinoneperiod’stimewithinthecontextofanoptionpricingmodel.Theoptionpricingmodel
Net Option Premium
[概述]Thenetamountaninvestorortraderwillpayforsellingoneoption,andpurchasinganother.Thecombinationcanincludeanynumberofputsand
Philadelphia Stock Exchange - PHLX
[概述]ThefirstsecuritiesexchangetobeformedintheUnitedStates.Createdin1790,thePHLXtradesstocksaswellasequity,currency,andindexo
Asset-or-Nothing Call Option
[概述]Anoptionpayoffthatisequaltotheasset'spriceiftheassetisabovethestrikeprice,otherwisethepayoffiszero.Thesetypesofoptionsdo
Deferred Month
[概述]Thelattermonth(s)ofanoptionorfuturescontract.Forexample,whenconsideringathree-monthoptionatthetimeofpurchase,monthstwoan
DvegaDtime
[概述]Therateatwhichthevegaofanoptionorwarrantwillchangeovertime.DvegaDtimeisthesecondorderderivativeofthevalueoftheoption-onc
Deferred Option Month
[概述]Thelattermonthormonthsofanoptionorfuturescontract.Forexample,whenconsideringathree-monthoptionatthetimeofpurchasemonthst
Aggregate Exercise Price
[概述]Thestrikepriceofaputorcalloptionmultipliedbyitscontractsize.Aggregateexercisepricesareusedtodeterminethedollaramountrequ
Option
[概述]Afinancialderivativethatrepresentsacontractsoldbyoneparty(optionwriter)toanotherparty(optionholder).Thecontractoffersthe
Option Margin
[概述]Thecashorsecuritiesaninvestormustdepositinhisaccountascollateralbeforewritingoptions.Marginrequirementsvarybyoptiontype.
Globally Floored Contract
[概述]Aguaranteefoundinstructuredinvestmentproductsthatprovidesaminimumpayoffatmaturity.Agloballyflooredcontractwillprotectthe
Ladder Option
[概述]Anoptionthatlocks-ingainsoncetheunderlyingreachespredeterminedpricelevelsor"rungs,"guaranteeingsomeprofiteveniftheunderl
Expiration Date
[概述]Thedayonwhichanoptionsorfuturescontractisnolongervalidand,therefore,ceasestoexist.Theexpirationdateforalllistedstockopti
Long Jelly Roll
[概述]Anoptionstrategythataimstoprofitfromatimevaluespreadthroughthesaleandpurchaseoftwocallandtwoputoptions,eachwithdifferent
Buy A Spread
[概述]Optionstrategythatwillbeprofitableiftheunderlyingsecurityrisesinvaluemoderately.Abullspreadcanbeexecutedeitherbyputorcal
Zero Coupon Swap
[概述]Anexchangeofincomestreamsinwhichthestreamoffloatinginterest-ratepaymentsismadeperiodically,asitwouldbeinaplainvanillaswa
Contract Unit
[概述]Theactualamountofcommoditiesrepresentedbyasinglefuturescontract.Differentfuturescontractshavedifferentcontractunitsandme