A Extend of the Power Option Based on the Equivalent Probability Measurer
XU Ci-wen · 2013
The paper generalizes the traditional power options,and constructs a new option,called digital power-option,which payoff function is discrete,and is used to hedging and speculation for the investors widely.By the methods of equivalent probability measurers and stochastic differential equations,the paper researches the conformation and the pricing of the option.