Examlex
Most of the surface of the Arctic Ocean is covered by _____ice.
Put Option
A financial contract allowing the holder to sell a specific amount of an underlying asset at a predetermined price within a specified time frame.
Hedge Ratio
A ratio used to calculate the amount of derivatives needed to hedge a position or portfolio, often used to minimize risk exposure.
Delta
A measure in financial markets that compares the change in the price of a derivative to the change in the price of its underlying asset.
Gamma
A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying asset.
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