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Step Premium
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A type of option where the cost of purchasing the option is paid gradually as the strike approaches instead of when the trade is initiated. The options contract spells out how much premium must be [阅读全文:]

Severability
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摘要: A clause in a contract that allows for the terms of the contract to be independent of one another, so that if a term in the contract is deemed unenforceable by a court, the contract as a whole will no[阅读全文:]

Shareholder Value Transfer - SVT
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摘要: A measurement of the amount of shareholders' equity flowing out of a company to its executives through exercised stock options.
This is usually a dollar based cost, the value is measured as th[阅读全文:]

Short Straddle
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摘要: An options strategy carried out by holding a short position in both a call and a put that have the same strike price and expiration date. The maximum profit is the amount of premium collected by writi[阅读全文:]

Shout Option
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摘要: An exotic option that allows the holder to lock in a defined profit while maintaining the right to continue participating in gains without a loss of locked-in monies.
Shout options can be struc[阅读全文:]

Small Trader
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摘要: An options or futures investor holding or controlling a single position below the required reporting levels.
The reporting level for each option or futures contract is set by the CFTC and indiv[阅读全文:]

SPAN Margin
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摘要: Short for standardized portfolio analysis of risk (SPAN). This is a leading margin system, which has been adopted by most options and futures exchanges around the world. SPAN is based on a sophisticat[阅读全文:]

Speed
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摘要:

The rate at which the gamma of an option or warrant will change in relation to underlying price in the underlying market. More specifically, it is the third order derivative of an options value to [阅读全文:]

Serial Option
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摘要: A short-term option on a futures contract in which the underlying expires in a forward month. In a serial option, the option expires before the underlying comes to maturity. Exercising the option plac[阅读全文:]

Series 3
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摘要: A securities license entitling the holder to sell commodities or futures contracts.

The Series 3 exam is administered by the Financial Industry Regulatory Athority (FINRA) and covers top[阅读全文:]