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   Asset-or-Nothing Option
   















 

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Asset-or-Nothing Option

A non-standard option with a payout equal to the value of the underlying asset if the price of the asset exceeds the strike at expiration. If the value of the asset falls below the strike, the holder of the option receives nothing. While the holder of the option pays a premium at the time the trade is initiated, there is no payment of an exercise price at maturity.

Glossary * A