Options that can be priced by considering only the payoffs at expiration are called path-independent.

Name: Options that can be priced by considering only the payoffs at expiration are called path-independent.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Path-independent options have a payoff that is determined solely by the price of the underlying asset at expiration, and are not affected by the path (or trajectory) taken by the price over time. Therefore, they can be priced by considering only the payoffs at expiration.

Options That Can Be Priced by Considering Only the Payoffs