Knock-In Option

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Knock-In Option

An option contract that becomes active only when a certain price is reached. For example, one may purchase a knock-in option with a "knock-in price" of $35 and a strike price of $45. If the price of the underlying asset never reaches $35 at any point over the course of the option's life, the option is treated as if it never existed in the first place. If it does, however, it becomes a plain vanilla option (that is, a regular option) with a strike price of $45. See also: Up-and-In Option, Down-and-In Option, Knock-Out Option.
References in periodicals archive ?
But he's at the last knock-ins of it now - he can run, but it's just kicking a ball.
I will be totally fair to them - I won't leave it until the last knock-ins and I'll tell them their futures will be sorted out a lot sooner than that.
Ozgene's services include identification, isolation, sequencing, and mapping of murine genes followed by the generation of classical or conditional knockouts, knock-ins and transgenics.