Terminology: What is...

Discussion in 'Forex' started by osorico, May 31, 2005.

  1. This evening, I receved this commentary in my account:

    We are hearing rumors that there is a large knock out option in eur/jpy at 132.90 and at 1.2290 in eur/usd. If these rumors are true there will be good interest to buy ahead of these levels as protection and there will most likely be stop losses below these levels.

    What is a "knock out option"??