摘要: The process of closing out a position in a swap contract or another OTC derivative agreement prior to maturity.
The position is closed by taking an offsetting position (i.e. taking a short posit[阅读全文:]
摘要: An all-electronic equity derivatives exchange launched on February 6, 2004, as a joint effort by the Montreal Exchange, Boston Stock Exchange and Interactive Brokers Group to provide an alternative to[阅读全文:]
摘要: A dual option position involving a bull and bear spread with identical expiry dates. This investment strategy provides for minimal risk. Additionally, it can lead to an arbitrage position as an invest[阅读全文:]
摘要: 1. In general, the point at which gains equal losses.
2. In options, the market price that a stock must reach for option buyers to avoid a loss if they exercise. For a call, it is the strike p[阅读全文:]
摘要: An options strategy that involves purchasing call options at a specific strike price while also selling the same number of calls of the same asset and expiration date but at a higher strike. A bull ca[阅读全文:]
摘要: An option strategy in which maximum profit is attained if the underlying security rises in price. Either calls or puts can be used. The lower strike price is purchased and the higher strike price is s[阅读全文:]
摘要: A model of price variation over time of financial instruments such as stocks that can, among other things, be used to determine the price of a European call option. The model assumes that the price of[阅读全文:]
摘要: A variation of the Black-Scholes model that allows for the valuation of options on futures contracts.
In 1976, Fisher Black, one of the developers of the Black-Scholes model (introduced [阅读全文:]
摘要: The month during which there is the greatest trading activity in derivatives trading. These derivatives can be options, futures, or other type of derivative-based instruments. The occurrence of a blue[阅读全文:]
摘要: An arrangement made between a buyer and seller giving either party the ability, at some future date, to determine the cash price of the forward sales agreement. Once the basis of a futures contract is[阅读全文:]