Used informally to describe a trader with contrarian or niche methods, sometimes associated with zero-sum thinking or ultra-short-term strategies.
A bond that does not pay periodic interest and is instead issued at a discount. The investor receives the face value at maturity.
Example: Buy for $800, receive $1,000 in 10 years
Options that expire on the same day they are traded.
Favored by: Active traders and institutions for precise hedging or short-term speculation.
Risks: High due to extreme time decay and volatility