lookback put option

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Lookback Put Option

A put option giving the holder the right (but not the obligation) to sell the underlying asset on or by the expiration date at the highest price that occurs between the start of the option and the time it is exercised. Because there is no set strike price and the lookback gives the option holder the highest possible flexibility, it carries a high premium (or sale price). See also: Lookback Call Option.

lookback put option

A specialized option that gives its owner the right to sell the underlying asset at the highest price at which it traded between the effective date and the expiration date of the option.
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