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Alternative Option
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The Payout Pattern of an 'A' vs. 'B' Alternative or Best-Of Option A put or call option on the best or worst return of two or more securities or indexes during a designated measurement period. Compare to Outperformance Option (diagram). Also called Best-Of Option, Worst-Of Option, Better-Of- Two-Assets Option, Worst-Of-Two-Assets Option, Either-Or Option, Specialty Option, Min Max Option, Multi-Asset Option, Multi-Factor Option. See Rainbow Option. See also Alternative Currency Option.
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