A knock-out option in which the barrier is triggered when the option gets in the money (ITM). The barrier level...

A reverse knock-out option (RKO option) in which the barrier is at a level above the spot underlying price. This...

A reverse knockout option (RKO option) in which the barrier is at a level above the spot underlying price. This...

It stands for call reverse knock-out; a reverse knock-out option (RKO option) in which the barrier is at a level...