Definitions for "index option"
Keywords:  oex, underlying, nyse, option, trader
An option whose underlying security is an index. If exercised, settlement is...
An option that has an index as the underlying. These are usually cash-settled.
An option with a specific index as the underlying asset that gives the option buyer the right to purchase/sell the value of the index at a fixed price until a predetermined date. Index options provide a means to leverage a bet on the future direction of the market or of a particular industry segment without purchasing all the individual securities.
Keywords:  volatility, implied, money
in the money implied volatility