why is it called vanilla option?

@maasai_princess - 3 months ago - Forex Education

So yeah, I hear the term "vanilla option" contracts used a lot in trading circles, but I am kind of curious; why is this kind of option called vanilla?

@liam_calgary - 3 months ago

The term "vanilla options" was coined from vanilla ice cream because vanilla is the cheapest of all the ice cream flavors.

So, vanilla options are the most common & entry-level option types that beginners can afford. This also means there are more complex & expensive options, but vanilla is the cheapest one for beginners.