Caput

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Caput

An exotic option. It represents a call option on a put option. That is, you purchase the option to buy a put option at a particular price on or before the expiration date.

Caput

A call option contract on a put option. A caput has two expiration dates and two strikes; there are also two premiums: one paid up front and another paid if the underlying option is exercised. A caput gives the holder the right, but not the obligation, to buy a put option, which he/she does if the price on the asset underlying the put option declines. Like other compound options, it is often used in markets where there are doubts about the risk for the underlying option, such as currency or fixed income markets. Significantly, caputs trade only over-the-counter, not on an exchange.
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CARDIFF: Chapter Arts (029 2030 4400), Peppermintpatti - Party Weirdo, Kaputt and the School.
In his chilling book, Kaputt, the Italian journalist, Curzio Malaparte, an eyewitness to the pogrom in Jassy, where Romanians killed several thousand Jews, wrote:
36) So ist ein Text Bernhard Lassahns von 1994 missverstanden worden, in dem es immerhin mit einer Treichel fremden Pauschalitat heisst: ,,Es ist deprimierend hier, sag ich dir, alles kaputt, die Strasse voller Locher, man tritt immer in eine Pfutze".