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词汇 Chooser option
分类 英语词汇 英语翻译词典
释义

Chooser option

英语百科

Chooser option

In finance, a chooser option is a special type of option contract. It gives the purchaser a fixed period of time to decide whether the derivative will be a European call or put option.

In more detail, a chooser option has a specified decision time  t_1 , where the buyer has to make the decision described above. Finally, at the expiration time  t_2 the option expires. If the buyer has chosen that it should be a call option, the payout is  max(S-K,0) . For the choice of a put option, the payout is  max(K-S,0) . Here  K is the strike price of the option and  S is the stock price at expiry.

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