What is a Vanilla Option?

In standard option contracts, the buyer pays the seller, so that he has the right to buy or sell the specified target to the seller at an agreed price in the future. Options can be divided into European options and American options according to the performance time. The former can only be exercised on the expiration date, and the latter can be exercised at any time before the expiration. During execution, the seller pays the buyer the difference between the market price of the specified target and the agreed price (the intrinsic value of the option).

Vanilla option

Right!
Chinese name
Vanilla options
Foreign name
Vanilla Option
Payment methods
Buyer pays seller
Alias
Ordinary options
In standard option contracts, the buyer pays the seller, so that he has the right to buy or sell the specified target to the seller at an agreed price in the future. Options can be divided into European options and American options according to the performance time. The former can only be exercised on the expiration date, and the latter can be exercised at any time before the expiration. During execution, the seller pays the buyer the difference between the market price of the specified target and the agreed price (the intrinsic value of the option).
Such simple structured options are called ordinary options or "vanilla options".

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