In this article we study options on a traded account. In terms of the actions available to the buyer, the options we study are more general than a class of options known as {\em passport options}; in terms of the model of the underlying asset they are more restrictive. Using probabilistic...

In this article we study options on a traded account. In terms of the actions available to the buyer, the options we study are more general than a class of options known as quot;passport optionsquot;; in terms of the model of the underlying asset they are more restrictive. Using probabilistic...