A combination of a lookback call option and a lookback put option which both have the same trade date and expiration date. This strategy (originally a straddle) produces a payoff equal to the number of units covered by the option multiplied by the range of the underlying price or rate during the lifespan of the option.
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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