Glossary
An option that can be exercised any time up to and including the expiration date.
Price at which an option or stock is offered for sale
Option's strike price equal to the underlying asset's market price.
Price at which an option or stock is available for purchase
Model used to calculate European-style options prices
Price at which an option position neither gains nor loses value
Options strategy with limited risk and profit potential
Options strategy involving options with same strike price but different expiration dates
Contract giving the right to buy an asset at a specified price
Options strategy to limit risk and potential profit
Options strategy involving a long position and selling a call option
Measure of an option's price sensitivity to the underlying asset's price
Option that can only be exercised on its expiration date
Portion of option's price attributed to factors other than intrinsic value
Measure of the rate of change of an option's delta
Measures of risk in options pricing
Measure of expected volatility of the underlying asset
When the underlying asset's market price is between the Panoption's lower and upper price range
Option with strike price favorable relative to the underlying asset's market price
Value of an option if exercised immediately
Options strategy involving selling out-of-the-money calls and puts
a long position in a financial instrument means the holder of the position owns a positive amount of the instrument.
The amount of money or collateral that an investor must deposit with a broker to cover potential losses on an options position.
Selling option without owning the underlying
Theoretical value of the underlying asset represented by an option
A list of options available for a specific underlying asset
When the underlying asset's market price is above tjhe Panoption's upper price range or below the Panoption's lower price range
An option with no intrinsic value
A perpetual, oracle-less, decentralized, option based on Uniswap V3.
Options with no expiration date
The price paid by the buyer of an option to the seller.
External data providers for blockchain-based smart contracts
A contract that gives the holder the right, but not the obligation, to sell an underlying asset at a specified price (strike price)
The range where users provide liquidity
Strategy betting on a decline in an asset's price
The way Panption sellers collect fees
Measure of an option's price sensitivity to time decay
Implied volatility pattern across options with different strike prices