Basics

Mutual Fund

By Ryan Silk & Lawrence Polatchek · Reviewed April 2026 · Options Trading Glossary

Pooled investment fund trading at daily NAV

What is Mutual Fund?

Mutual Fund A pooled investment vehicle that collects money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. Unlike ETFs, mutual funds trade only once per day at the closing NAV. Options are not available on mutual funds directly.

Complete Definition

A pooled investment vehicle that collects money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. Unlike ETFs, mutual funds trade only once per day at the closing NAV. Options are not available on mutual funds directly.

Related Terms

Etf Index Diversification

Written by

ApexVol Research Team

Quantitative options research

All calculations use live ORATS institutional data — the same source used by professional volatility desks.

Technical reviewer

Ryan Silk, ApexVol Founder

Reviewed for technical accuracy

10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.

This guide is updated as market conditions and ORATS data change. Last revised 2026-05-12. How we research →

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