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Quantitative Finance · Glosario

¿Qué es Multiplier, series, moneyness?

También llamado: option multiplier · option series · in the money · intrinsic value

Definition 23.2 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 23 — Option Contracts and the Options Exchanges

The option multiplier is the quantity of underlying per contract: 100 shares for a standard US equity option, $100 per index point for the large index options. An option series is the set of contracts with the same underlying, type, strike and expiry: the unit that has a symbol, a quote and an order book. A call is in the money when the underlying is above its strike, a put when it is below; the amount is the option’s intrinsic value.

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