There are two types of lookback options:
1. Fixed: The option's strike price is fixed at purchase. However, the option is not exercised at the market price: in the case of a call, the option holder can look back over the life of the option and choose to exercise at the point when the underlying asset was priced at its highest over the life of the option. In the case of a put, the option can be exercised at the asset's lowest price. The option settles at the selected past market price and against the fixed strike.
2. Floating: The option's strike price is fixed at maturity. For a call, the strike price is fixed at the lowest price reached during the life of the option. For a put, it is fixed at the highest price. The option settles at market and against the floating strike.
While lookback options are appealing to investors, they can be expensive and are also considered to be quite speculative.
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фин. опцион с возвратом (позволяет покупателю опциона выбирать в качестве цены исполнения любую цену базисного актива, имевшую место в течение всего п... смотреть
lookback option: translation An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurre... смотреть
Lookback option: translation An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurred d... смотреть
ідеальний опціон (право на купівлю або продаж за найкращу для обумовленого періоду ціну)
фин. = lookback option