다양한 이색옵션의 종류와 특성에 관한 연구

Abstract

We study derivatives. Investors are growing more and more interested in derivatives because of a globally sudden change in financial environment. So, it becomes more important for us to study the derivatives. First, we examine significance and functions of derivatives. Second, we research pricing model of options that is a kind of derivatives with using option pricing model based on binary tree model, Black-Scholes model and trinomial tree model. Finally, we investigate exotic options which is a type of over-the-counter options. They have unique structures and are different from the general options that deal on the Exchange. We investigate types and characteristics of the various exotic options. The exotic options are offered properly to investors for their varied demands as they are able to use diverse structures and investment purposes.