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Topoption vs banc de binary
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Formulas for the payoffs of double barrier options For clarity we write down the formulas for the payoff of the double barrier options described above. Let and be the first hitting times of the upper barrier and the lower barrier, respectively. For a discrete barrier option they are the hitting times at the given discrete time points. If an option has windows, they represent the hitting times within the given windows. Let be a strike price, the option expiry time, and the underlying price at time. Denote by the indicator of an event, which equals 1 if is true and
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