You simultaneously purchase both a call and a put option
with the same underlying asset, strike price and expiration date.
Vertical spreads, in particular, are the spreads in which one option is bought and the other is sold simultaneously,
with same underlying asset and same expiration date, but different strike prices.
Position Limits: LEAPS ® positions are aggregated with other options
with the same underlying asset.
Not exact matches
You won't get the
same quarterly disclosure of the
underlying assets» performance as
with pure - play public companies, says Richard Nield, a portfolio manager
with Invesco.
As
with most such things, culture is one of a company's most powerful
assets right until it isn't: the
same underlying assumptions that permit an organization to scale massively constrain the ability of that
same organization to change direction.
I wonder if the party
with whom I will trade for the
underlying asset in the future is the
same as the party from whom I buy the derivative now?
Maturity class of option: Options of the
same type (put or call) on the
same underlying asset with the
same expiration month.
It is also the
same if the
underlying asset is uncorrelated
with interest rates.
As
with most such things, culture is one of a company's most powerful
assets right until it isn't: the
same underlying assumptions that permit an organization to scale massively constrain the ability of that
same organization to change direction.