Business and Personal Finance Dictionary

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• HAMSTER OPTION
  
  A form of Range Option that SBC created. I can describe it no better than Professor S. Trautmann explained it to me: "The German noun Hamster has the same meaning as the English noun hamster: it is the name of a small rodent. But HAMSTER is also a acronym standing for Hoffnung Auf MarktSTabilitaet in Einer Range (literally: Hope on market stability in a given range). It really is a pun as in German the verb 'hamstern' has the meaning of 'to hoard'. HAMSTER options hoard the fixed amount one gets for every day the underlying stays in the prespecified range. What is earned cannot be lost anymore."
  
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