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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 Put

A down-and-out option (specifically, a knock-out barrier option/ KO barrier option) that deactivates, i.e., expires if the market price of...