Options & Greeks terms

Option that can be exercised any time before or on expiration.

Option whose strike price is close to the current underlying market price.

Derivative paying a fixed amount or nothing depending on a condition at expiry.

Contract giving the buyer the right to buy an underlying asset at a strike price.

Strategy holding the underlying asset while selling a call option against it.

Greek measuring option sensitivity to a one-unit move in the underlying.

Option that can be exercised only at expiration.

Using an option right to buy or sell at the strike price.

Greek measuring how much delta changes when the underlying moves.

Market expectation of future volatility embedded in option prices.