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Straddle
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摘要: An options strategy with which the investor holds a position in both a call and put with the same str[阅读全文:]

Volatility Smile
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摘要: A common graphical shape that results from plotting the strike price and implied volatility of a grou[阅读全文:]

Up-and-In Option
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摘要: An option that can only be exercised when the price of the underlying asset reaches a set barrier lev[阅读全文:]

Basel Committee (Basle Committee)
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标签: Basel-Accord amendment-to-the-Basel-Accord International-Organization-of -ecurities-Commissions IOSCO Basel-II Basel-Committee Basel-IOSCO-initiative tier-1-capital tier-2-capital tier-3-capital trading-book

摘要: The Basel Committee has played a leading role in standardizing bank regulations across jurisdictions. Its origins can be traced to 1974.">[阅读全文:]

Zero-Sum Game
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摘要: A situation in which one participant's gains result only from another participant's equivalent losses. The net change in total wealth among participants is zero; the wealth is just shifted from one [阅读全文:]

Weather Derivative
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摘要: An instrument used by companies to hedge against the risk of weather-related losses. The investor who sells a weather derivative agrees to bear this risk for a premium. If nothing happens, the investo[阅读全文:]

Witching Hour
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摘要: The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled by large professional traders, program traders and large institutional trade[阅读全文:]

Writer
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摘要: The seller of an option who collects the premium payment from the buyer.

For example, a writer holds a short position on a call option. If the call option is exercised, then the writer h[阅读全文:]

Writing An Option
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The expression "writing an option" refers to the act of selling an option. An option is the right, but not the obligation, to buy or sell a particular trading instrument at a specified price, on [阅读全文:]

Zero Cost Collar
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摘要: A type of positive-carry collar that secures a return through the purchase of a cap and sale of a floor. Also called "zero cost options" or "equity risk reversals."
This investment strategy [阅读全文:]