lookalike option

Definition of "lookalike option"
  1. A non-exchange-traded option settled in cash, based on the settlement price of a corresponding futures contract on a given trading day
How to use "lookalike option" in a sentence
  1. To hedge risk, the trader decided to buy a lookalike option.
  2. The lookalike option proved cheaper than the exchange-traded version with similar characteristics.
  3. Analysts often compare a lookalike option and its underworld alternative.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z