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Instrike

A barrier strike that represents the underlying price at which knock-in options become standard options, i.e., effective and able to...

Barrier Strike

The strike level at which a barrier product (e.g., a barrier option) either becomes effective (in which case, it is...

Up-and-In Put

An up-and-in option that becomes effective, i.e., is activated, if the price of the underlying exceeds a preset level. The...

Touch-Down Option

A binary option that pays its holder a fixed amount (payoff) at expiration if the underlying price/ rate touches (i.e.,...

Touch-Up Option

A binary option that pays its holder a fixed amount (payoff) at expiration if the underlying price/ rate touches (i.e.,...

Barrier Price

The specified interest rate, or any underlying price, that activates (knocks in) or deactivates (knocks out) a barrier option. The...