# Structured Products ⎊ Area ⎊ Resource 26

---

## What is the Product of Structured Products?

These are complex financial instruments created by packaging multiple underlying assets or derivatives, such as options, to achieve a specific, customized risk-return profile. In the crypto context, they often combine a spot asset with a short option position to offer principal protection with capped upside potential. Evaluating these requires decomposition into their constituent parts.

## What is the Design of Structured Products?

The construction involves embedding specific contingent payoffs, allowing for tailored exposure to volatility, interest rates, or asset correlation within a single security wrapper. Understanding the embedded options is key to managing the product's sensitivity.

## What is the Exposure of Structured Products?

Sophisticated investors utilize these to gain exposure to specific market narratives or to synthetically engineer positions that would be inefficient to build using discrete instruments.


---

## [Decentralized Finance Applications](https://term.greeks.live/term/decentralized-finance-applications/)

## [Bear Market Strategies](https://term.greeks.live/term/bear-market-strategies/)

## [Forward Price Discovery](https://term.greeks.live/definition/forward-price-discovery/)

## [Synthetic Long Position](https://term.greeks.live/definition/synthetic-long-position/)

## [Non-Linear Market Microstructure](https://term.greeks.live/term/non-linear-market-microstructure/)

## [Probability](https://term.greeks.live/definition/probability/)

## [Non-Parametric Pricing Models](https://term.greeks.live/term/non-parametric-pricing-models/)

## [Options Delta Impact](https://term.greeks.live/term/options-delta-impact/)

## [Market Fear](https://term.greeks.live/definition/market-fear/)

## [Order Book Depth Oracles](https://term.greeks.live/term/order-book-depth-oracles/)

## [Option Pricing Circuits](https://term.greeks.live/term/option-pricing-circuits/)

## [Capital-Protected Notes](https://term.greeks.live/term/capital-protected-notes/)

## [Option Adjusted Spread](https://term.greeks.live/definition/option-adjusted-spread/)

## [Embedded Options](https://term.greeks.live/definition/embedded-options/)

## [Loan-to-Value (LTV) Ratio](https://term.greeks.live/definition/loan-to-value-ltv-ratio/)

## [Trading Performance Metrics](https://term.greeks.live/term/trading-performance-metrics/)

## [Leveraged Tokens](https://term.greeks.live/definition/leveraged-tokens/)

## [Options Gamma Exposure](https://term.greeks.live/definition/options-gamma-exposure/)

## [Parity](https://term.greeks.live/definition/parity/)

## [Rebalancing Risk](https://term.greeks.live/definition/rebalancing-risk/)

## [Reflexivity Theory](https://term.greeks.live/definition/reflexivity-theory/)

## [Sharpe Ratio Analysis](https://term.greeks.live/term/sharpe-ratio-analysis/)

## [Implied Volatility Modeling](https://term.greeks.live/term/implied-volatility-modeling/)

## [Asymmetric Information](https://term.greeks.live/definition/asymmetric-information/)

## [Notional Principal](https://term.greeks.live/definition/notional-principal/)

---

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---

**Original URL:** https://term.greeks.live/area/structured-products/resource/26/