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2 total sentences available.
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.
Source: wiktionary
The principle of a lookback option is to give the investor the maximum payoff based on perfect hindsight.
Source: wiktionary
Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.