Lookback Type

Payoff

Fixed Strike Call

${\left(M_0^T-K\right)}^{+}$

Fixed Strike Put

${\left(K-m_0^T\right)}^{+}$

Floating Strike Call

${\left(S_T-m_0^T\right)}^{+}$

Floating Strike Put

${\left(M_0^T-S_T\right)}^{+}$