金融百科>> 百科分类 >> Financial Glossary-英文财经词汇 >> Options & Futures-期权和期货

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Married Put
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摘要: An option strategy whereby an investor, holding a long position in stock, purchases a put on the same stock to protect against a depreciation in the stock's price.

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Local Volatility
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摘要:

A model used in quantitative finance to calculate the unpredictability of the underlying current asset of a financial derivative. Because of the treatment of the underlying asset price as the sole [阅读全文:]

Lock-Up Option
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摘要: A stock option offered by a target company to a white knight for additional equity or for the purchase of a valuable portion of their company.

An undesired third party is deterred from a[阅读全文:]

London International Financial Futures And Options Exchange - LIFFE
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摘要: A futures and options exchange in London, England that was modeled after the Chicago Board of Trade and the Chicago Mercantile Exchange. Similar to its American counterparts, this exchange used to dea[阅读全文:]

Long Jelly Roll
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摘要: An option strategy that aims to profit from a time value spread through the sale and purchase of two call and two put options, each with different expiration dates.

A jelly roll is creat[阅读全文:]

Lambda
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摘要: A ratio comparing change in option price to a 1% change in option volatility.
It is the partial derivative of the option price with respect to the option volatility. Lambda is used as a synonym [阅读全文:]

Lapse
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摘要: The cessation of a privilege, right or policy due to time or inaction. A lapse of a privilege due to inaction occurs when the party that is to receive the benefit does not fulfill the conditions or re[阅读全文:]

Last Trading Day
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摘要: The final day that a futures contract may trade or be closed out before delivery of the underlying asset or cash settlement must occur. By the end of the last trading day, the contract holder must be [阅读全文:]

Lattice-Based Model
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摘要: An option pricing model that involves the construction of a binomial tree to show the different paths that the underlying asset may take over the option's life. A lattice model can take into account [阅读全文:]

Leg
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摘要: 1. Term describing an order entry technique used by brokers. A leg occurs when a broker executes contingent orders in separate phases, thus increasing the risk for price swings through time delays. [阅读全文:]