| Chameleon Option | |
 An option that has the ability to change its structure, should certain pre-determined terms of the contract be met. |
|
 An example of a chameleon option would be a put option that automatically changes into an identical call option after the price of the underlying exceeds a certain price. This is similar to a long or short straddle except investors aren't required to open two positions. |
|
 Sorry, there are no related links right now. |
|
Related Terms
 |