If you buy an asset-or-nothing option and a cash-or-nothing option,you hold the equivalent of an ordinary European option.

Name: If you buy an asset-or-nothing option and a cash-or-nothing option,you hold the equivalent of an ordinary European option.
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An asset-or-nothing option pays the asset's value if in the money, while a cash-or-nothing option pays a fixed cash amount if in the money. A European option gives the right to buy or sell at a fixed price, not a binary outcome like the other options.

If You Buy an Asset-Or-Nothing Option and a Cash-Or-Nothing Option,you