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- Lookback options, in the terminology of finance, are a type of exotic option with path dependency, among many other kind of options. The payoff depends on the optimal (maximum or minimum) underlying asset's price occurring over the life of the option. The option allows the holder to "look back" over time to determine the payoff. There exist two kinds of lookback options: with floating strike and with fixed strike.
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"lookback option." Anagrams.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.anagrams.net/lookback%20option>.
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