| Cash-or-Nothing Put | |
 A type of option whose payoff is set to a specified fixed price if the final asset price is below the strike price; if not, the payoff is set to zero. |
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 Cash-or-Nothing options are typically european style options. |
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 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. |
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