We have obtained one unified pricing formula for outside barrier options in a Black Scholes environment. This formula is applicable for all eight types of outside barrier options. To find the value of a particular outside barrier option, we need only to specify three binary operators: up or down...

This article extends the concept of flexible geometric Asian options to flexible arithmetic Asian options (FAAO). It provides an analytical approximation solution for the FAAOs using a method to approximate standard arithmetic Asian options with their corresponding geometric Asian options. The...

A correlation digital option exhibits a payoff in one asset if another, possibly correlated, asset exceeds a prespecified strike price. This article offers an analysis of correlation digital options, including an analytic solution for European style contracts