Barred Call «1080p — 8K»

| Strategy | Premium | Knockout risk | Max gain | Best for | |----------|---------|--------------|----------|-----------| | | High | No | Unlimited (theoretically) | Strong bullish | | Barred call (up-and-out) | Medium | Yes (if B touched) | Limited to (B - K) in practice* | Moderately bullish, range-bound | | Knock-in call (up-and-in) | Lower than vanilla | No, but activates only if B touched | Unlimited | Speculative, expecting a rally past B | | Bear call spread | Credit received | No | Limited to credit | Neutral to bearish |

*Actually, maximum gain if barrier is not touched = B - K (since the option knocks out if price goes above B, so alive path caps gain at just below B). barred call

Vanilla profit if XYZ=$59 = $4.00 - $1.50 = $2.50 (166% return). Barred call gives higher return for same price move but risks total loss if $60 touched. | Strategy | Premium | Knockout risk |

Two barriers (upper and lower). Option knocks out if either is touched. Two barriers (upper and lower)

Restricts calls to expensive specialized service lines (e.g., numbers starting with 09 or 1-900).