Call options give people the right to buy something in the future at a price they choose today. They work like a special kind of contract between two people: one who wants to maybe buy something later (the buyer) and one who agrees to sell it if the buyer wants it (the seller). This article…
A worst-of-N-assets option represents a specialized financial contract traded outside traditional exchanges. This option type gives investors the right to receive payment based on how poorly the worst-performing asset does among a selected group of assets. The letter “N” stands for the number of assets in the group. These options belong to the exotic options…
Sonicbits has made some big improvements to their music software. They’ve updated three products: Exakt, Exakt Lite, and Silk. The Exakt update brings several helpful fixes. The software now works better with music hardware. Users can now use the sustain pedal and control sound filters with MIDI knobs. It also handles Yamaha V50 sound banks…
A call on the maximum is a special kind of deal that you can make without needing a middleman. You pay some money, called a premium, to buy the right to get a payout later. How big that payout is depends on two main things – a strike price that is set at the start…
A call on the best of n-assets is a special kind of option. An option is a contract. It gives the person who buys it the right to buy or sell something later. Options are a type of thing called derivatives. A call on the best of n-assets option is an over-the-counter option. This means…
A call on a put is a type of compound option. It gives you the right to buy a put option later if you need it. You pay some money now to have the choice to get the put option in the future. Why Would You Want One? You might want a call on a…
A call on a call is a special kind of option. It lets you buy another option, instead of an underlying asset directly. The option you can buy with a call on a call is a regular call option. A regular call option lets you buy an underlying asset, like a stock, at a set…
Call money is money that you put in a special bank account. This special account pays you interest. Interest is extra money the bank gives you for keeping your money in their bank. The special thing about call money is that you can take it out of the account whenever you want. But, you have…
Collateralized mortgage obligations, or CMOs for short, are a type of investment that’s backed by mortgages on homes and buildings. Banks and other lenders give people money to buy houses. The lenders then take a whole bunch of those mortgage loans and package them together into a CMO. How CMOs Get Chopped Up The CMO…
A bank vault is a safe place inside a bank. It is where the bank keeps things that are worth a lot of money. These things are called securities. Securities can be paper money, coins, gold, silver, bonds, or other valuable items. The vault keeps the securities from being stolen or damaged. Bank vaults are…
