An “Exotic” Pop Quiz
When hear the word “exotic,” what’s the first thing that comes to mind? A tropical island excursion, a hand-assembled Italian sports car, or maybe a black-haired Latin beauty — now that’s what I call exotic! But, hey, who am I kidding. In my world, the term exotic brings to mind options trades.
If you haven’t heard of exotic options, you’re not alone. They definitely aren’t as well known as regular options, or even as some common and complex trading strategies like strangles and straddles.
To help you learn more about the world of exotic options, let’s take a little pop quiz. By the time you uncover the answers to these questions, I guarantee you’ll think of the term “exotic” in a whole new way.
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