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Up-and-Out Call
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Up-and-Out Call
A call option that expires if an
outstrike
is breached or a
call spread
that pays off early if an
early exercise price trigger
is tripped. An example would be exchange-traded
CAPS
. Also called
Over-and-Out Call
,
Cash-Out Call Option with Rebate
,
Up-and-Away Option
(2),
Special Expiration Price Option
. See also
Exploding Option
,
Out Option
.
Glossary
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