BASKET OPTION
\bˈaskɪt ˈɒpʃən], \bˈaskɪt ˈɒpʃən], \b_ˈa_s_k_ɪ_t ˈɒ_p_ʃ_ə_n]\
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An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between the price of a BASKET of ASSETS and a predefined STRIKE PRICE. The basket can be comprised of assets from similar or different sectors/ markets. See also MULTIINDEX OPTION.
By Henry Campbell Black
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Mustagh Range
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