Exotic Options — Digital / Binary

▲ Exotic Options

Digital / Binary Option

Binary options paying a fixed cash amount if the underlying exceeds the strike at expiry.

Digital / Binary Option Closed-Form

Cash-or-nothing: pays a fixed cash amount if ITM at expiry.
Asset-or-nothing: delivers the underlying asset if ITM.

Option Type

Call Put

Digital Type

Cash-or-Nothing Asset-or-Nothing

Spot Price (S)

Strike Price (K)

Cash Payout (cash-or-nothing only)

Volatility (σ)

Rate (r)

Time (T)

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Configure parameters and click Price Digital Option