In this paper, we present somewhat alternative point of view on early exercised American options. The standard … valuation of the American options the exercise moment is defined as one, which guarantees the maximum value of the option. We … papers [3]-[7]. Our idea is that the exercise moment of the American call/put options is defined by maximum/minimum value of …

volatility model is surveyed as a market model for the underlying together with its associated vanilla options …

delta-hedged position in the Black-Scholes case and in the real case. The conclusion is that options are hedged with options …

derivation of the BSE can be eliminated. We pay attention to use options as hedging instruments. We develop a new approach to …

In this paper we represent alternative approach for exotics options valuation problem. We study the time-space discrete …

– vanilla options or CDS we actually deal with estimates of the spot prices. In our approach we define unique price for each …