• The asset against which an option is written. The underlier may be a stock, a bond, a futures contract, oil, land, whatever.

 Embedded terms in definition
Futures contract
 Referenced Terms
 Delta of an option: The rate of change of the value of an option with respect to the price of the Underlier, evaluated at the current market price of the underlier.

 Gamma of an option: The rate of change of the option's delta with respect to a change in the price of the Underlier. Gamma measures the sensitivity of a delta-hedged position in an option to changes in the price of the underlying asset.

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Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

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