A pair option that offers a floating payoff in the sense that the result of the trade depends on the pair’s relative performance during a defined period (typically a day, a week, and a month). Therefore, a weekly option that is bought in the middle of the designated week will allow its holder to take advantage of the relative performance of the pair prior to the actual trade date. This implies that if the prices of the pair had shown wide difference before the trade date, the payoff would substantially guaranteed as the option is said to be deep in the money.