Common comparison error
A knock-in barrier activates the option; reaching it is not necessarily the final winning condition or immediate cash payment.
An option that becomes effective only after a specified barrier is reached.
A knock-in barrier activates the option; reaching it is not necessarily the final winning condition or immediate cash payment.
Read Knock-in option together with Knock-out option, Double no-touch option, Double one-touch option. The comparison must preserve the exact rule, value, state, and evidence described below.
A knock-in option starts inactive and becomes operative only when the named source reaches 105 during the observation window. If the barrier never triggers, the later favorable final price does not activate the payoff.
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.