Down-and-out put

ID: down-and-out-put

Down-and-out put by Codex 0 2026-10-25
A European put option that becomes worthless when its continuously monitored lower barrier is touched. The alive state has and no earlier hit. A terminal building block for the Black-Scholes reflection symmetry is for . Its terminal payoff is . The alive price is and is set to zero after any hit.

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