Up-and-In Option
An option that can only be exercised when the price of the underlying asset reaches a set barrier level. This is a type of a knock-in barrier option.
Investopedia Says:
The prices of these options tend to be lower than "vanilla options" as the ability to exercise the option is contingent on breaking the barrier. Related Terms:
Barrier Option
Exotic Option
Knock-In Option
Option
Up-And-Out Option
Vanilla Option |