Digital / Binary Option
Binary options paying a fixed cash amount if the underlying exceeds the strike at expiry.
Exotic OptionsOption Parameters
Closed-Form
Cash-or-nothing: pays a fixed cash amount if ITM at expiry.
Asset-or-nothing: delivers the underlying asset if ITM.
$
$
$
%
%
yr
DIGITAL PRICE
—
—
VANILLA BSM
—
Delta—
Payout—
MethodClosed-Form
Price vs Spot (digital payoff profile)
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Configure parameters and click Calculate
GBM Price Path Simulator
Terminal Price Distribution
Return Distribution
Price Statistics
Return Statistics