The Effect on an Option's Value of a Small Change

question 6

Multiple Choice

The effect on an option's value of a small change in the value of the underlying asset is called the option:

• A)theta.
• B)vega.
• C)rho.
• D)delta.
• E)gamma.

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Definitions:

Investigate Grievances

The process of examining complaints or concerns raised by employees or unions regarding workplace conditions or violations of agreements.

Union Security Clauses

Provisions in a labor contract that require employees to join, maintain membership in, or pay dues to a union as a condition of employment.

Closed Shop

A form of union security agreement wherein only members of the union can be hired, and employees must remain members of the union to retain their jobs.

Union Member

is an individual who has formally joined a labor union, a collective organization that represents the interests of workers in negotiations with employers.