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Exotic Option Definition | Investopedia
November 4, 2009 – 00:00
Investopedia explains 'Exotic Option'
For example, one type of exotic option is known as a chooser option. This instrument allows an investor to choose whether the options is a put or call at a certain point during the option's life. Because this type of option can change over the holding period, it is not be found on a regular exchange, which is why it is classified as an exotic option.Other types of exotic options include: barrier options, Asian options, digital options and compound options, among others.Source: www.investopedia.com
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