up-and-in option

Up-and-In Option

An option contract that may be exercised only if the price of the underlying asset falls below or rises above a certain, stated barrier. An up-and-in option is often less expensive to buy than another option because of this limitation on exercise. See also: Knock-In Option, Barrier Option.

up-and-in option

An option that comes into being only when the price of the underlying asset reaches a specified value.