Common comparison error
Maximum payout is the highest conditional value, not the normal rate on every asset, strike, expiry, account, or session.
The highest published or observed payout under a particular product and condition, not the ordinary payout on every contract.
Maximum payout is the highest conditional value, not the normal rate on every asset, strike, expiry, account, or session.
Read Maximum payout together with Payout, Payout schedule, Automatic exercise. The comparison must preserve the exact rule, value, state, and evidence described below.
A broker promotes a 95% maximum, but 60 dated tickets for the intended account range from 65% to 88%; only one rare asset and expiry reaches 95%. Both maximum and observed distribution are published.
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.