Common comparison error
Automatic settlement under Asset or nothing option is not a manual early-exercise right and should not be inferred from Cash settled binary option.
GlossaryProducts & contracts
Asset-or-nothing option
A binary option that delivers the value of the referenced asset when its condition is met rather than a fixed cash amount.
Practical use
How to verify Asset-or-nothing option
Read Asset-or-nothing option together with Cash-or-nothing option, Cash-settled binary option, Binary option. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Asset or nothing option offers variable strikes. Three tickets at fixed stake and expiry show how condition and payout change relative to Cash or nothing option. A reviewer labels the case Asset or nothing option only after showing that success delivers the referenced asset value rather than the fixed cash amount of a cash binary.
Evidence path
Where to verify Asset-or-nothing option
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.