Plain Vanilla Options
These are the typical exchange traded option variant with no additional advanced features which come with exotic options. The majority of options traders are using this kind of option to speculate on the markets. Nonetheless, as “exotic options” were introduced to the market and became more popular like “binary options”, the “Plain Vanilla Options” term was needed to categorize it. These are traded through an options broker and are the most liquid options available for ETF’s indices or stocks.