A binary option which pays off only if its underlying trades through the upper or lower barrier at least once before expiration. This option has many variations including options where the payoff is contingent upon the barrier being breached both upside and downside during the option’s life or where the payoff is contingent upon the underlying trading outside the range at expiration.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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