covered warrant
31in the money — The situation in which an option has value because of the relationship between the option s strike price and the current market price for the underlying instrument, the spot price. A call option is in the money when the strike price is below the… …
32in-the-money — A call is in the money when the underlying futures price is greater than the strike price. A put is in the money when the underlying futures price is less than the strike price. In the money options have intrinsic value. The CENTER ONLINE Futures …
33call — The period at market opening or closing during which futures contract prices are established by auction. The CENTER ONLINE Futures Glossary An option that grants the holder the right to purchase an instrument in the future at a price established… …
34Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… …
35put — An option contract giving the buyer the right to sell something at a specified price within a certain period of time. A put is purchased in expectation of lower prices. If prices are expected to rise, a put may be sold. The seller receives the… …
36underlying — or underlier An option or a future is a right or a commitment to buy or sell something at a future date. The underlying is the financial instrument that may or must be bought or sold in each option or futures contract. FAS 133, as amended by FAS… …
37at-the-money — An option is at the money when its strike price is equal, or approximately equal, to the current market price of the underlying futures contract. The CENTER ONLINE Futures Glossary The situation in which the current market price, the spot price,… …
38holder — The purchaser of either a call or put option. Option buyers receive the right, but not the obligation, to assume a futures position. Also referred to as the Option Buyer. Chicago Board of Trade glossary The purchaser of an option is known as a… …
39out-the-money — For a Call covered warrant, this is where the strike price is greater than the price of the underlying. For a Put covered warrant, this is where the strike price is less than the price of the underlying. London Stock Exchange Glossary …
40expiry date — The date after which an option can no longer be either exercised or traded. This date will be specified in the contract specification for the product in question. Dresdner Kleinwort Wasserstein financial glossary Every option/covered warrant… …
