Lookback Option

Business / Finance / Lookback Option: An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurred during the life of the option. For a call option, the buyer will choose the minimum price; for a put option, the buyer will choose the maximum price. This option will always be in the money.

Other Words for Option

Option Adjective Synonyms: choice, privilege, election, opportunity, chance
Option Noun Synonyms: choice, selection, alternative, recourse, opportunity, way out
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Option Margin

Business / Finance / Option Margin: The margin requirement for options described in Regulation T and in brokers' individual policies. MORE

Option Mutual Fund

Business / Finance / Option Mutual Fund: A mutual fund that buys and sells options for aggressive or conservative investment. MORE

Option Not To Deliver

Business / Finance / Option Not To Deliver: In the mortgage pipeline, an additional hedge placed in tandem with the forward or substitute sale. MORE

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