Answer: True

**Correct answer: True** Barrier options can have **very large and non-linear sensitivities** near the barrier. - As the underlying approaches the barrier, the option’s value may change very rapidly. - This can produce **deltas greater than +1** or **less than -1**. This behavior is unlike plain vanilla options, whose deltas are typically bounded between -1 and +1.

Author: Manit Arora