Lookback

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    Alternative form of look-back. alt-of, alternative
  2. 2
    A kind of exotic option whose payoff depends on the optimal (maximum or minimum) underlying asset's price occurring over the life of the option. attributive, often

    "Another interesting path-dependent option is the lookback option. A lookback call allows you to buy the asset at the lowest price and a lookback put allows you to sell it at the highest price attained during the life of the option."

Example

More examples

"Another interesting path-dependent option is the lookback option. A lookback call allows you to buy the asset at the lowest price and a lookback put allows you to sell it at the highest price attained during the life of the option."

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.