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Long Puts
An option strategy involving the purchase of put options, with the expectation that the underlying asset will decrease in value, allowing the holder to sell at a higher strike price.
Riskless Arbitrage
The process of buying and selling in different markets to take advantage of differing prices for the same asset with no risk.
Standard Deviation
A statistical measure of the dispersion of a set of data from its mean, used to gauge the amount of variation or dispersion of a set of values.
Theoretical Value
An estimate of a security's value according to a financial model, rather than its trading or market price.
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