Accumulator activity boosted by increase in implied volatility

In an accumulator, the buyer of the product agrees to acquire a fixed number of shares on each trading day over the life of the product, which would typically be six months to a year, so long as a knock-out event does not occur – usually defined as the stock price closing at or above a specified barrier, for instance 105% of its initial level. Crucially, the buyer acquires the stock at a discount to the initial spot price, for example 95% of the spot. However, if the spot were to drop below 95%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here