题目
Which of the following options is best described as follows: "A six month call option may only be exercised early on the first day of each month"?
选项
A.Bermudan option.
B.American option.
C.Chooser option.
D.Binary option.
答案
A
解析
American options can be exercised at any time prior to expiration. If some of the available expiration periods are restricted, then it becomes a nonstandard option. Restricting early exercise to certain dates is known as a Bermudan option.Binary options generate discontinuous payoff profiles because they pay only one price at expiration if the asset value is above the strike price. Chooser options allow the owner, after a certain period of time has elapsed, to choose whether the option is a call or a put.美式期权可以在到期前的任何时候行使。如果某些可用的有效期限受到限制，那么它就成为一个非标准期权。将提前行权限制在一定的日期被称为百慕大选择。二元期权产生了不连续的收益曲线，因为如果资产价值高于执行价格，它们在到期时只支付一个价格。选择期权允许所有者在经过一段时间后选择该期权是看涨期权还是看跌期权。