FRM一级考试中Exotic Option包含知识点有哪些？

备考FRM一级考试，考生需要对Exotic Option包含的知识点有所了解！具体包含哪些内容，下文是详细介绍！

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Exotic Option主要包含的内容：

1. Gap Options

Gap call options

Gap put options

2. Bermudan option

Early exercise may be restricted to certain dates

3. Compound option

Options on options

4. Chooser option

After a specified period of time, the holder can choose whether the option is a call or a put

5. Shout option

期权持有者在期权有效期内可以向期权卖方“喊价”，在期权到期时，期权持有者的收益等于常规期权收益与喊价时期内涵值的zui大值

6. Asian option

Payoff depends on the arithmetic average of the price of the undertying asset during the life of the option

7. Barrier option

knock-out option：up-and-out call、down-and-out call、up-and-out put、down-and-out put

knock-in option：up-and-in call、down-and-in call、up-and-in pat、down-and-in put

8. Binary option

The cash-or-nothing binary option pays some fixed amount of cash if the option expires In-the-money；

The asset-or-nothing pays the value of the underlying security。

9. Lookback option

Payoff depends on the maximum or minimum price of the underlying asset