asset-or-nothing call option 有资产看涨期权
定义如下:
A derivative security for which there is no payoff unless the underlying asset's price exceeds the strike price. With an asset-or-nothing call option, the payoff is equal to the asset's price, as long as the asset's price exceeds the strike price. If the asset's price remains below the strike price, the option expires as worthless.
通俗可以理解为:买入该期权后只有当标的资产的价格超过执行价格,才会产生收益,收益等于资产的价格。如果资产的价格一直低于行权价,期权到期后无价值。
cash-or-nothing call option 有现金看涨期权
定义如下:
An exotic option whose payoff is a predetermined amount (sometimes equal to the strike price) if the price of the underlying asset reaches (for American options) or exceeds (for European options) the strike price; if not, the payoff is set to zero. A cash-or-nothing call option is considered a binary or digital option because the payout is either a fixed amount or nothing.
通俗可以理解为:买入该期权后,只有标的资产达到或超过行权价格时,才有可能获得一份固定的收益,否则收益为零。这种期权被认为是一种二进制或者数字期权,因为支出是一个固定的量,或者没有支出