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The least amount of price movement recorded in a security. Currently the lowest being 1/32, however moves to decimalisation will
The least amount of price movement recorded in a security. Currently the lowest being 1/32, however moves to decimalisation will
The price of an option less its intrinsic value. Out of the Money Options are entire made up of Extrinsic
A short term government debt security with a maturity of no more than 1 year. The interest charged on these
A fixed interest US government debt security with 10 years or more to maturity.
A fixed interest US government debt security with between 1 to 10 years to maturity.
The third Friday in March, June, September and December when US stock options, index options and futures contracts all expire
A short position where the writer does not have the underlying security (or call option) to hedge the unlimited risk
An asset which is subject to purchase or disposal upon exercise.