Double Barrier Option

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An option contract that may only be exercised if the price for the underlying asset remains within or breaks into a certain range. For example, a double barrier option may specify that the price of the underlying asset must remain between $10 and $15 per share in order for the option to be exercised. This contrasts with a regular barrier option, which specifies only one price. See also: Knock-In, Knock-Out.

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