9 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
chooser option
Financial services; Commodity exchange
An option which is transacted in the present but which at some pre specified future date is chosen to be either a put or a call option.
asian option
Financial services; Commodity exchange
An option whose payoff depends on the average price of the underlying asset during some portion of the life of the option.
lookback option
Financial services; Commodity exchange
An option whose payoff depends on the minimum or maximum price of the underlying asset during some portion of the life of the option.
at-the-money option
Financial services; Commodity exchange
An option with a strike price that is equal, or approximately equal, to the current market price of the underlying futures contract.
out-of-the-money option
Financial services; Commodity exchange
An option with no intrinsic value, i.e., a call whose strike price is above the current futures price or a put whose strike price is below the current futures price.
limit order
Financial services; Commodity exchange
An order in which the customer sets a limit on the price and/or time of execution.
market-if-touched (MIT) order
Financial services; Commodity exchange
An order that becomes a market order when a particular price is reached. A sell MIT is placed above the market; a buy MIT is placed below the market. Also referred to as a board order.
