Can someone explain Knock-out trading to me?

I opened a Degiro account and they offer trading Knock-outs. Can someone explain quickly what the numbers in this screenshot mean (sadly in german, but sure that's no problem for pros)?

http://ift.tt/29BpShN

thanks

Submitted July 12, 2016 at 08:10AM by rol_rol http://ift.tt/29BoAmT