摘要: An exotic option that is valued according to pre-determined price requirements for its underlying asset or commodity.
The payoffs associated with these options are determined by the path[阅读全文:]
摘要: An annuitization-method option with which the annuitant selects a specific time period for which the annuity income payments will last. This is unlike the more commonly selected life option, with whic[阅读全文:]
摘要: A non-standard financial option with no fixed maturity and no exercise limit. While the life of a standard option can vary from a few days to several years, a perpetual option (XPO) can be exercised a[阅读全文:]
摘要: The first securities exchange to be formed in the United States.
Created in 1790, the PHLX trades stocks as well as equity, currency, and index options. Their currency options can be eit[阅读全文:]
摘要: A risk that the writer of an options or futures contract faces when the price of the underlying asset closes at or very near the exercise price of the contract upon expiration.
This is a very s[阅读全文:]
摘要: The tendency of a stock's price to close near the strike price of heavily traded options (in the same stock) as the expiration date nears.
This doesn't always happen, but it often does[阅读全文:]
摘要: A clearing organization that acts as both the issuer and guarantor for option and futures contracts.
The Options Clearing Corporation is regulated by both the SEC and the CFTC.
T[阅读全文:]
摘要: One options contract represents one hundred shares in the underlying stock. The quoted price of an option is per share.
The quoted price of a stock option must be multiplied by 100 to ge[阅读全文:]
摘要: An option on a futures contract gives the holder the right to enter into a specified futures contract. If the option is exercised, the initial holder of the option would enter into the long side of th[阅读全文:]
摘要: A committee of representatives from participating exchanges responsible for providing last-sale options quotations and information from the participating exchanges.
OPRA divides its serv[阅读全文:]