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
