Business, Legal & Accounting Glossary
A type of barrier option in which the spot price of the underlying is set above the barrier level, and the price of the underlying must close lower in order for the option to be exercised. It is named “down-and-in” because the right to exercise the option appears if the price of the underlying is below the barrier.
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This glossary post was last updated: 20th November, 2021 | 0 Views.