Balloon Option

Balloon Option

An option contract in which the strike price increases by a certain ratio after the price of the underlying asset reaches a stated threshold. For example, if the underlying asset goes above $50 per unit, the strike price may increase by $3 for every extra dollar that the underlying reaches. This type of option is most common when the underlying asset is a currency.
References in periodicals archive ?
With the addition of the wire-guided version, Cook now offers a Hercules Balloon option for the entire GI tract including the pylorus, duodenum and colon.
In the balloon option, players must race the course, breaking all the balloons along the way.
When it comes to balloon and no/low down options, African Americans and Hispanics report being more knowledgeable about no/low down payment and balloon options than Whites.