packages — options that are equivalent to a portfolio of standard European options, cash and the underlying asset (stock, say);
forward-start options — options that are paid for in the present but received by holders at a prespecified future date;
chooser options — option contracts that are chosen by their holders to be call or put at a prescribed future date;
compound options — option contracts with other options playing the role of the underlying assets;
binary options — contracts whose payoff is defined by means of some binary function;
barrier options — options whose payoff depends on whether the underlying asset price reaches some barrier during the option’s lifetime;
lookback options — options whose payoff depends, in particular, on the minimum or maximum price of the underlying asset during options’ lifetimes;
Asian options — options whose payoff depends on the average price of the underlying asset during a prespecified period;
basket options — options with a payoff depending on the average of prices of several assets;
α-quantile options — options whose payoff depends on the percentage of time that the price of the underlying asset remains below some level;
combined options on several assets — these include, for instance, options on the minimum or maximum price of two risky assets;
Russian option — a “user friendly” variant of a standard American option.
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