题目
All else being equal, which of the following options would cost more than plain-vanilla options that are currently at-the-money?I.Lookback optionsII.Barrier optionsIII.Asian optionsIV.Chooser option
选项
A.I only
B.I and IV
C.II and III
D.I, III, and IV
答案
B
解析
Lookback option: payoff depends on the maximum (call) or minimum (put) value of the underlying asset over the life of the option. Can be fixed or floating depending on the specification of a strike price.Chooser option: owner chooses whether option is call or put after initiation.和普通期权不同，回望期权的收益不是按照到期时标的资产价格和执行价格之间的关系来确认的，而是按照整个期权存续期间的最优价格来确认收益的。用过去的最大值或者最小值来确定。选择期权，指的在一开始建立期权合约的时候，并不知道它是看涨期权还是看跌期权，允许在合约期限内的某一天再去确认是看涨期权还是看跌期权。