Shout Option

An option that allows the buyer to lock in the profit to date while retaining the right to benefit from any further upside. When the option buyer thinks the market has reached a high (call) or low (put), they “shout” and lock in that minimum level. If the market finishes higher (call) or lower (put) than the shout level, the holder benefits further. The option can be structured with any number of “shout” opportunities.