2005 | OriginalPaper | Buchkapitel
Exotic Options
verfasst von : Marek Musiela, Marek Rutkowski
Erschienen in: Martingale Methods in Financial Modelling
Verlag: Springer Berlin Heidelberg
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In the preceding chapters, we have focused on the two standard classes of options – that is, call and put options of European and American style. The aim of this chapter is to study examples of more sophisticated option contracts. Although the payoffs of
exotic options
are given by similar expressions for both spot and futures options, the corresponding valuation formulas would not agree. We restrict here our attention to the case of exotic spot options.