Review: It's Exotic!
Rating: 5 out of 5
Date: 05 9, 2014
The title says it all for this book! Another great read from Michael Young! So what are "Exotic Options", read this book to find out, because it provides a great deal of information on this topic. These options are usually traded (OTC=Over the Counter) (yeah that term is not coined just for medicine!) These types of options have special conditions; 5 options where explained in this book; Lookback, Barrier (4 types--up and in, up and out, down and in, down and out.) Outerperformance, Asian and Cliquet. As Each option is discussed in the book, it provides an overview of what the option is and then a example is used to follow up to give the reader a better outlook on each option that's available in Exotic Options. The title and sub-title of this book says it ALL--a Guide to the Five of the MOST Exotic Options, and Michael Young indeed takes each topic and provides a great explanation to guide you through the exotic options available. Good read and highly recommended!