Common comparison error
Automatic settlement under Up down option is not a manual early-exercise right and should not be inferred from High low option.
GlossaryProducts & contracts
Up/down option
A direction-based binary option that settles by whether the final price is above or below the entry or strike reference.
Practical use
How to verify Up/down option
Read Up/down option together with Call/Put binary option, High/low option, Rise/Fall. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Up down option offers variable strikes. Three tickets at fixed stake and expiry show how condition and payout change relative to Call put binary option. What makes this an example of Up down option is that the final price is compared above or below an accepted entry or strike under an explicit equality rule.
Evidence path
Where to verify Up/down option
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.