Template:M comp disc Equity Derivatives Knock-ins and Knock-outs

1.42. Knock-in Price
1.43. Knock-out Price
1.44. Knock-in Event
1.45. Knock-out Event
1.46. Knock-in Reference Security
1.47. Knock-out Reference Security
1.48. Knock-in Determination Day
1.49. Knock-out Determination Day
1.50. Knock-in Valuation Time
1.51. Knock-out Valuation Time

Mechanical provisions dealing with a fairly straight forward concept in the world of options, made more laborious even that usual by repeating themselves almost entirely for Knock-out Events and Knock-in Events, simply to capture a single difference: Knock-ins start something, and Knock-outs stop it.

The JC has done the world the inestimable service of creating the hybrid definitions: Knock-in/out Price, Knock-in/out Event, Knock-in/out Reference Security, Knock-in/out Determination Day and Knock-in/out Valuation Time. This won’t entirely alleviate the tedium of wading through the mechanical sludge, but it may prevent you scooping out your eyeballs with a spoon. Or at least delay your doing so.