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Aspects of some exotic options
Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2007.
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| Format: | Thesis |
| Language: | English |
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Stellenbosch : University of Stellenbosch
2008
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| _version_ | 1867613775480225792 |
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| access_status_str | Open Access |
| author | Theron, Nadia |
| author2 | Conradie, W. J. |
| author_browse | Conradie, W. J. Theron, Nadia |
| author_facet | Conradie, W. J. Theron, Nadia |
| author_sort | Theron, Nadia |
| collection | Thesis |
| dc_rights_str_mv | University of Stellenbosch |
| description | Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2007. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/3359 |
| institution | Stellenbosch University (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:41:30.564Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | Stellenbosch : University of Stellenbosch |
| publisherStr | Stellenbosch : University of Stellenbosch |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/3359 Aspects of some exotic options Theron, Nadia Conradie, W. J. University of Stellenbosch. Faculty of Economic and Management Sciences. Dept. of Statistics and Actuarial Science. Exotic options (Finance) Volatility-dependent options Path-dependent options Binary options Derivative securities Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science Thesis (MComm (Statistics and Actuarial Science))--University of Stellenbosch, 2007. The use of options on various stock markets over the world has introduced a unique opportunity for investors to hedge, speculate, create synthetic financial instruments and reduce funding and other costs in their trading strategies. The power of options lies in their versatility. They enable an investor to adapt or adjust her position according to any situation that arises. Another benefit of using options is that they provide leverage. Since options cost less than stock, they provide a high-leverage approach to trading that can significantly limit the overall risk of a trade, or provide additional income. This versatility and leverage, however, come at a price. Options are complex securities and can be extremely risky. In this document several aspects of trading and valuing some exotic options are investigated. The aim is to give insight into their uses and the risks involved in their trading. Two volatility-dependent derivatives, namely compound and chooser options; two path-dependent derivatives, namely barrier and Asian options; and lastly binary options, are discussed in detail. The purpose of this study is to provide a reference that contains both the mathematical derivations and detail in valuating these exotic options, as well as an overview of their applicability and use for students and other interested parties. Masters 2008-08-04T08:30:26Z 2010-07-09T11:08:32Z 2008-08-04T08:30:26Z 2010-07-09T11:08:32Z 2007-12 Thesis http://hdl.handle.net/10019.1/3359 en University of Stellenbosch application/pdf Stellenbosch : University of Stellenbosch |
| spellingShingle | Exotic options (Finance) Volatility-dependent options Path-dependent options Binary options Derivative securities Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science Theron, Nadia Aspects of some exotic options |
| title | Aspects of some exotic options |
| title_full | Aspects of some exotic options |
| title_fullStr | Aspects of some exotic options |
| title_full_unstemmed | Aspects of some exotic options |
| title_short | Aspects of some exotic options |
| title_sort | aspects of some exotic options |
| topic | Exotic options (Finance) Volatility-dependent options Path-dependent options Binary options Derivative securities Dissertations -- Statistics and actuarial science Theses -- Statistics and actuarial science |
| url | http://hdl.handle.net/10019.1/3359 |
| work_keys_str_mv | AT theronnadia aspectsofsomeexoticoptions |