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. 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.
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. 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.
Lookback option