суббота, 12 июня 2010 г.

Option styles

Naming conventions are used to help identify properties common to many different types of options. These include:

  • European option - an option that may only be exercised on expiration.
  • American option - an option that may be exercised on any trading day on or before expiration.
  • Bermudan option - an option that may be exercised only on specified dates on or before expiration.
  • Barrier option - any option with the general characteristic that the underlying security's price must pass a certain level or "barrier" before it can be exercised
  • Exotic option - any of a broad category of options that may include complex financial structures.[6]
  • Vanilla option - by definition, any option that is not exotic.

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