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Figure 1.5.1
Оглавление1. In this case if the underlying is above the strike of $99 at expiry, the downbet is out-of-the-money, has lost and is worth zero.
2. At $99 the downbet is at-the-money, is deemed a draw and worth 50.
3. While if the downbet expires with the underlying below the $99 strike, the downbet is in-the-money, has won and is worth 100.