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Asset-or-Nothing Put Option
Filed Under »
Binary Option
,
Exotic Option
,
Options
Definition of 'Asset-or-Nothing Put Option'
An option payoff that is equal to the asset's price if the asset is below the strike price, otherwise the payoff is zero.
Investopedia explains 'Asset-or-Nothing Put Option'
These types of options don't function like regular (plain vanilla) options that pay the difference between the exercise (strike) price and market price at expiry.
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