KIKO Options – You don’t have to choose an expiry time
KIKO options are a new and simple trading instrument in which the trader predicts which of the upper or lower price targets (barriers) the asset price will hit first.
If it first hits the price target that the trader has chosen (Knock-In), the option will expire "In the Money" (ITM) and they will receive a payout.
If the asset price first hits the opposite price target, the option will expire "Out of the Money" (OTM) and there will be no payout.
There is NO set expiry time. This means that the trade will continue until the asset hits one of the barriers.