Lookback options, in the terminology of finance, are a type of exotic option with path dependency, among many other kind of options. The payoff depends on the optimal (maximum or minimum) underlying asset`s price occurring over the life of the option. The option allows the holder to `look back` over time to determine the payoff. There exist two......
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http://en.wikipedia.org/wiki/Lookback_option
An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurred during the life of the option. For a call option, the buyer will choose the minimum price; for a put option, the buyer will choose the maximum price. This option will always be in the money.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosl.htm
An option that allows the buyer to choose as the option strike price any price of the underlying asset that has occurred during the life of the option. If a call, the buyer will choose the minimal price, whereas if a put, the buyer will choose the maximum price. This option will always be in the money.
Found on
http://www.encyclo.co.uk/local/20047
An option that allows the buyer to choose as the option strike price any price of the underlying ass
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
