Is a call or put option that is placed on both securities and indexes which has an extended expiration date and is traded on different exchanges. These allow longer term investments without having to acquire the underlying device.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser