An option feature whereby a reference price is activated at the end of an option should the underlying fall below a specified average before option expiry.
This method of averaging the level of the underlying protects the investor from sudden and adverse price movements.


Asian Tail
An option feature whereby a reference price is activated at the end of an option should the underlying fall below a specified average before option expiry.
This method of averaging the level of the underlying protects the investor from sudden and adverse price movements.