1351:
382:
195:
150:
409:
313:
105:
71:
286:
239:
215:
894:
469:
1234:
924:
1056:
792:
1294:
462:
1229:
874:
1269:
807:
661:
455:
888:
1376:
1066:
1170:
981:
1289:
1284:
939:
884:
1239:
909:
899:
767:
608:
540:
1188:
1036:
1021:
986:
929:
443:
325:
1249:
1100:
1016:
593:
914:
1203:
1160:
1150:
1140:
861:
802:
737:
691:
686:
560:
520:
487:
78:
919:
1208:
996:
742:
1259:
1244:
1213:
1198:
1165:
1031:
822:
787:
550:
515:
478:
159:
114:
1264:
1254:
1193:
1180:
1155:
1041:
827:
623:
1145:
1135:
1125:
1084:
1079:
1061:
991:
757:
752:
724:
676:
555:
495:
387:
291:
83:
49:
1355:
1325:
1320:
1274:
1110:
1105:
1051:
961:
869:
842:
782:
777:
747:
696:
681:
598:
578:
439:
25:
1330:
1315:
1115:
1026:
976:
953:
934:
762:
704:
671:
646:
570:
271:
224:
200:
442:(from Derivatives Week and Encyclopedia of Financial Engineering and Risk Management)
1370:
1310:
1279:
1120:
1046:
1006:
1001:
837:
709:
656:
651:
633:
530:
510:
1130:
904:
832:
812:
772:
641:
613:
603:
545:
320:
266:
218:
1011:
879:
850:
846:
797:
588:
583:
262:
242:
108:
36:
1335:
971:
966:
732:
618:
316:
153:
40:
29:
525:
1350:
1095:
817:
714:
535:
258:
17:
447:
33:
254:
74:
107:
the option expires. If the buyer has chosen that it should be a
451:
46:
In more detail, a chooser option has a specified decision time
28:. It gives the purchaser a fixed period to decide whether the
77:
has to make the decision described above. Finally, at the
390:
328:
294:
274:
227:
203:
162:
117:
86:
52:
1303:
1222:
1179:
1075:
952:
860:
723:
632:
569:
503:
494:
403:
376:
307:
280:
233:
209:
189:
144:
99:
65:
261:, the chooser option can be replicated using one
163:
118:
463:
8:
500:
470:
456:
448:
395:
389:
363:
350:
336:
327:
299:
293:
273:
226:
202:
161:
116:
91:
85:
57:
51:
1295:Power reverse dual-currency note (PRDC)
1235:Constant proportion portfolio insurance
419:
7:
1230:Collateralized debt obligation (CDO)
377:{\displaystyle Ke^{-r(t_{2}-t_{1})}}
14:
1349:
426:Yue-Kuen Kwok, Compound options
1057:Year-on-year inflation-indexed
369:
343:
184:
166:
139:
121:
1:
1067:Zero-coupon inflation-indexed
1270:Foreign exchange derivative
662:Callable bull/bear contract
190:{\displaystyle \max(K-S,0)}
145:{\displaystyle \max(S-K,0)}
1393:
1344:
1171:Stock market index future
485:
1290:Mortgage-backed security
1285:Interest rate derivative
1260:Equity-linked note (ELN)
1245:Credit-linked note (CLN)
1240:Contract for difference
541:Risk-free interest rate
1022:Forward Rate Agreement
405:
378:
309:
282:
235:
211:
191:
152:. For the choice of a
146:
101:
67:
1250:Credit default option
594:Employee stock option
406:
404:{\displaystyle t_{1}}
379:
310:
308:{\displaystyle t_{2}}
283:
236:
212:
192:
147:
102:
100:{\displaystyle t_{2}}
68:
66:{\displaystyle t_{1}}
24:is a special type of
1204:Inflation derivative
1189:Commodity derivative
1161:Single-stock futures
1151:Normal backwardation
1141:Interest rate future
982:Conditional variance
488:Derivative (finance)
388:
384:and expiration time
326:
292:
288:and expiration time
272:
225:
201:
160:
115:
84:
50:
1356:Business portal
1209:Property derivative
1214:Weather derivative
1199:Freight derivative
1181:Exotic derivatives
1101:Commodities future
788:Intermarket spread
551:Synthetic position
479:Derivatives market
401:
374:
305:
278:
231:
221:of the option and
207:
187:
142:
97:
63:
1377:Options (finance)
1364:
1363:
1265:Equity derivative
1255:Credit derivative
1223:Other derivatives
1194:Energy derivative
1156:Perpetual futures
1037:Overnight indexed
987:Constant maturity
948:
947:
895:Finite difference
828:Protective option
281:{\displaystyle K}
234:{\displaystyle S}
210:{\displaystyle K}
1384:
1354:
1353:
1126:Forwards pricing
900:Garman–Kohlhagen
501:
472:
465:
458:
449:
440:Compound options
427:
424:
410:
408:
407:
402:
400:
399:
383:
381:
380:
375:
373:
372:
368:
367:
355:
354:
314:
312:
311:
306:
304:
303:
287:
285:
284:
279:
240:
238:
237:
232:
216:
214:
213:
208:
196:
194:
193:
188:
156:, the payout is
151:
149:
148:
143:
111:, the payout is
106:
104:
103:
98:
96:
95:
72:
70:
69:
64:
62:
61:
1392:
1391:
1387:
1386:
1385:
1383:
1382:
1381:
1367:
1366:
1365:
1360:
1348:
1340:
1326:Great Recession
1321:Government debt
1299:
1275:Fund derivative
1218:
1175:
1136:Futures pricing
1111:Dividend future
1106:Currency future
1089:
1071:
944:
920:Put–call parity
856:
843:Vertical spread
778:Diagonal spread
748:Calendar spread
719:
628:
565:
490:
481:
476:
438:Yue-Kuen Kwok,
435:
430:
425:
421:
417:
391:
386:
385:
359:
346:
332:
324:
323:
295:
290:
289:
270:
269:
251:
223:
222:
199:
198:
158:
157:
113:
112:
87:
82:
81:
79:expiration time
53:
48:
47:
26:option contract
12:
11:
5:
1390:
1388:
1380:
1379:
1369:
1368:
1362:
1361:
1359:
1358:
1345:
1342:
1341:
1339:
1338:
1333:
1331:Municipal debt
1328:
1323:
1318:
1316:Corporate debt
1313:
1307:
1305:
1301:
1300:
1298:
1297:
1292:
1287:
1282:
1277:
1272:
1267:
1262:
1257:
1252:
1247:
1242:
1237:
1232:
1226:
1224:
1220:
1219:
1217:
1216:
1211:
1206:
1201:
1196:
1191:
1185:
1183:
1177:
1176:
1174:
1173:
1168:
1163:
1158:
1153:
1148:
1143:
1138:
1133:
1128:
1123:
1118:
1116:Forward market
1113:
1108:
1103:
1098:
1092:
1090:
1088:
1087:
1082:
1076:
1073:
1072:
1070:
1069:
1064:
1059:
1054:
1049:
1044:
1039:
1034:
1029:
1024:
1019:
1014:
1009:
1004:
999:
997:Credit default
994:
989:
984:
979:
974:
969:
964:
958:
956:
950:
949:
946:
945:
943:
942:
937:
932:
927:
922:
917:
912:
907:
902:
897:
892:
882:
877:
872:
866:
864:
858:
857:
855:
854:
840:
835:
830:
825:
820:
815:
810:
805:
800:
795:
793:Iron butterfly
790:
785:
780:
775:
770:
765:
763:Covered option
760:
755:
750:
745:
740:
735:
729:
727:
721:
720:
718:
717:
712:
707:
702:
701:Mountain range
699:
694:
689:
684:
679:
674:
669:
664:
659:
654:
649:
644:
638:
636:
630:
629:
627:
626:
621:
616:
611:
606:
601:
596:
591:
586:
581:
575:
573:
567:
566:
564:
563:
558:
553:
548:
543:
538:
533:
528:
523:
518:
513:
507:
505:
498:
492:
491:
486:
483:
482:
477:
475:
474:
467:
460:
452:
446:
445:
434:
431:
429:
428:
418:
416:
413:
398:
394:
371:
366:
362:
358:
353:
349:
345:
342:
339:
335:
331:
302:
298:
277:
250:
247:
230:
206:
186:
183:
180:
177:
174:
171:
168:
165:
141:
138:
135:
132:
129:
126:
123:
120:
94:
90:
60:
56:
22:chooser option
13:
10:
9:
6:
4:
3:
2:
1389:
1378:
1375:
1374:
1372:
1357:
1352:
1347:
1346:
1343:
1337:
1334:
1332:
1329:
1327:
1324:
1322:
1319:
1317:
1314:
1312:
1311:Consumer debt
1309:
1308:
1306:
1304:Market issues
1302:
1296:
1293:
1291:
1288:
1286:
1283:
1281:
1280:Fund of funds
1278:
1276:
1273:
1271:
1268:
1266:
1263:
1261:
1258:
1256:
1253:
1251:
1248:
1246:
1243:
1241:
1238:
1236:
1233:
1231:
1228:
1227:
1225:
1221:
1215:
1212:
1210:
1207:
1205:
1202:
1200:
1197:
1195:
1192:
1190:
1187:
1186:
1184:
1182:
1178:
1172:
1169:
1167:
1164:
1162:
1159:
1157:
1154:
1152:
1149:
1147:
1144:
1142:
1139:
1137:
1134:
1132:
1129:
1127:
1124:
1122:
1121:Forward price
1119:
1117:
1114:
1112:
1109:
1107:
1104:
1102:
1099:
1097:
1094:
1093:
1091:
1086:
1083:
1081:
1078:
1077:
1074:
1068:
1065:
1063:
1060:
1058:
1055:
1053:
1050:
1048:
1045:
1043:
1040:
1038:
1035:
1033:
1032:Interest rate
1030:
1028:
1025:
1023:
1020:
1018:
1015:
1013:
1010:
1008:
1005:
1003:
1000:
998:
995:
993:
990:
988:
985:
983:
980:
978:
975:
973:
970:
968:
965:
963:
960:
959:
957:
955:
951:
941:
938:
936:
933:
931:
928:
926:
925:MC Simulation
923:
921:
918:
916:
913:
911:
908:
906:
903:
901:
898:
896:
893:
890:
886:
885:Black–Scholes
883:
881:
878:
876:
873:
871:
868:
867:
865:
863:
859:
852:
848:
844:
841:
839:
838:Risk reversal
836:
834:
831:
829:
826:
824:
821:
819:
816:
814:
811:
809:
806:
804:
801:
799:
796:
794:
791:
789:
786:
784:
781:
779:
776:
774:
771:
769:
768:Credit spread
766:
764:
761:
759:
756:
754:
751:
749:
746:
744:
741:
739:
736:
734:
731:
730:
728:
726:
722:
716:
713:
711:
708:
706:
703:
700:
698:
695:
693:
692:Interest rate
690:
688:
687:Forward start
685:
683:
680:
678:
675:
673:
670:
668:
665:
663:
660:
658:
655:
653:
650:
648:
645:
643:
640:
639:
637:
635:
631:
625:
622:
620:
617:
615:
614:Option styles
612:
610:
607:
605:
602:
600:
597:
595:
592:
590:
587:
585:
582:
580:
577:
576:
574:
572:
568:
562:
559:
557:
554:
552:
549:
547:
544:
542:
539:
537:
534:
532:
531:Open interest
529:
527:
524:
522:
519:
517:
514:
512:
511:Delta neutral
509:
508:
506:
502:
499:
497:
493:
489:
484:
480:
473:
468:
466:
461:
459:
454:
453:
450:
444:
441:
437:
436:
432:
423:
420:
414:
412:
396:
392:
364:
360:
356:
351:
347:
340:
337:
333:
329:
322:
318:
300:
296:
275:
268:
264:
260:
256:
248:
246:
244:
228:
220:
204:
181:
178:
175:
172:
169:
155:
136:
133:
130:
127:
124:
110:
92:
88:
80:
76:
58:
54:
44:
42:
38:
35:
31:
27:
23:
19:
1131:Forward rate
1042:Total return
930:Real options
833:Ratio spread
813:Naked option
773:Debit spread
666:
604:Fixed income
546:Strike price
433:Bibliography
422:
321:strike price
267:strike price
252:
219:strike price
73:, where the
45:
21:
15:
1062:Zero Coupon
992:Correlation
940:Vanna–Volga
798:Iron condor
584:Bond option
263:call option
249:Replication
245:at expiry.
243:stock price
109:call option
1336:Tax policy
1052:Volatility
962:Amortising
803:Jelly roll
738:Box spread
733:Backspread
725:Strategies
561:Volatility
556:the Greeks
521:Expiration
415:References
317:put option
315:, and one
154:put option
41:put option
32:will be a
30:derivative
1027:Inflation
977:Commodity
935:Trinomial
870:Bachelier
862:Valuation
743:Butterfly
677:Commodore
526:Moneyness
357:−
338:−
173:−
128:−
1371:Category
1166:Slippage
1096:Contango
1080:Forwards
1047:Variance
1007:Dividend
1002:Currency
915:Margrabe
910:Lattices
889:equation
875:Binomial
823:Strangle
818:Straddle
715:Swaption
697:Lookback
682:Compound
624:Warrants
599:European
579:American
571:Vanillas
536:Pin risk
516:Exercise
259:dividend
257:without
34:European
1085:Futures
705:Rainbow
672:Cliquet
667:Chooser
647:Barrier
634:Exotics
496:Options
241:is the
217:is the
197:. Here
18:finance
1146:Margin
1012:Equity
905:Heston
808:Ladder
758:Condor
753:Collar
710:Spread
657:Binary
652:Basket
255:stocks
1017:Forex
972:Basis
967:Asset
954:Swaps
880:Black
783:Fence
642:Asian
504:Terms
319:with
265:with
75:buyer
851:Bull
847:Bear
589:Call
253:For
37:call
20:, a
619:Put
411:;.
164:max
119:max
39:or
16:In
1373::
849:,
609:FX
43:.
891:)
887:(
853:)
845:(
471:e
464:t
457:v
397:1
393:t
370:)
365:1
361:t
352:2
348:t
344:(
341:r
334:e
330:K
301:2
297:t
276:K
229:S
205:K
185:)
182:0
179:,
176:S
170:K
167:(
140:)
137:0
134:,
131:K
125:S
122:(
93:2
89:t
59:1
55:t
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.