Trading in binary options is discussed using an approach based on expected profit (EP) and expected loss (EL) as … and put binary options which maximize portfolio EP while constraining the portfolio EL to satisfy risk tolerance and …

As argued by Ebenfeld, Mayr and Topper (2002), Onion options may be decomposed into one-touch double barrier binary … options (ODBs). Using this idea, these authors provide an arbitrage-free pricing formula for Onion options within the Black …

; two path-dependent derivatives, namely barrier and Asian options; and lastly binary options, are discussed in detail …

and put options that are typically observed in real markets. The paper also examines the price differences of binary … options for the proposed model and their Black-Scholes counterparts. …

options typically observed in real markets. In addition, the prices of binary options and their deviations from corresponding …