These types of options don't function like regular (plain vanilla) options that pay the difference between the exercise (strike) price and market price at expiry. Asset-or-Nothing Put Option An option payoff that is equal to the asset's price if the asset is below the strike price, otherwise the payoff is zero.ing="0" cellpadding="0" width="192">
These types of options don't function like regular (plain vanilla) options that pay the difference between the exercise (strike) price and market price at expiry.