NO.PZ2020021203000116
问题如下:
Explain why a gap call option is a regular call option plus a binary option when K2 > K1, using the same notation as in the chapter
选项:
解释:
Consider a gap option where the trigger price is K2 and the strike price for determining payoffs is K1. The gap call option is a plain vanilla option with strike price K2 plus a cash-or-nothing binary option that pays off K2 - K1 if the asset price is above K2.
没法看明白这个答案说的是什么,请画图解释一下,GAP OPTION和BINARY 没法联系起来,谢谢!