By Dave Lerman The investment community usually defines a liquid investment as something that can be easily turned into cash. Selling a house is an example of an illiquid investment. It could take weeks or […]
Ladder Option An option somewhere between a Lookback (q.v.) and a European Option. A Ladder Call Option has one or more “Rungs” (price levels) above the initial spot level. The Call’s payoff equals the greater […]