plain vanilla option

Definition

A category of options which includes only those with the most standard components. A plain vanilla option has an expiration date and straightforward strike price. American-style options and European-style options are both categorized as plain vanilla options. opposite of exotic option.

Use this term in a sentence

It was a plain vanilla option and that was good cause the options would include the ones with the most standard components.

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The plain vanilla option was the preferred security of the financial adviser's client as the client did not enjoy exotic options.

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Most computers used in business start out as the plain vanilla option but programs such as Word and Excel are added to make them usable.

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