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Special Expiration Price Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Extinguishable Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Vanishing Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Down-and-Out Call

A down-and-out option (literally, a knock-out barrier option) that deactivates, i.e., expires if the market price of the underlying falls...