A barrier option whose barrier has non-standard (exotic) features. Examples of exotic barrier options include: digital barrier options, step barrier options, soft barrier options, window barrier options, fluffy barrier options, flipping barrier options, resettable barrier options, quanto barrier options, Transatlantic barrier options, outside barrier options, Parisian barrier options, James Bond range option, etc. The additional features make exotic barrier options more expensive than vanilla barrier options.
November 19, 2023