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분야
pptx2.Features of Exotic Options
3.Types of Exotic Options
4.Investing the Exotic Options
1. Definition of Exotic Options
An option that differs from common American or European options in terms of the underlying asset or the calculation of how or when the investor receives a certain payoff.
└>related to the features of Exotic Options, next slide
These options are more complex than options that trade on an exchange, and generally trade over the counter.
2. Features of Exotic Options
Exotic Options...
The payoff at maturity depends on as its value at several times.
Could depend on more than one index.
could be call ability and put ability rights.
could involve foreign exchange rates in various ways.
Exotic Options vs. Standard Options
Exotic Options...
Customized
OTC traded
Many Types
More expensive
No standard pricing
Standard Options...
Standardized
Publicly traded
Single type
Cheaper
Standardized pricing model
