Shout Option
An exotic option that allows the holder to lock in a defined profit while maintaining the right to continue participating in gains without a loss of locked-in monies.
Investopedia Commentary
Shout options can be structured so that holders of this contract have more than one opportunity to "shout" or lock in profits. This allows holders to continue to benefit from positive market movements without the possibility of losing already locked-in profits.
Related Links
Options Basics Tutorial
See also: Balloon Option, Cliquet Option, Exotic Option, Mid-Atlantic Option, Option, Settlement Date, Settlement Price, Strike Price, Underlying, Vanilla Option