An option payoff that is equal to the asset's price if the asset is below the strike price, otherwise the payoff is zero.
These types of options don't function like regular (plain vanilla) options that pay the difference between the exercise (strike) price and market price at expiry.
Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them.
Option Compensation - Part One - This article will provide investors with key definitions and a historical perspective on the positive and negative aspects of using options for compensation.
The ABCs of Option Volatility - The mystery of options pricing can often be explained by a look at implied volatility (IV).
Becoming Fluent in Options on Futures - There's one simple hurdle in the transition from stock to futures options: learning about product specifications.