An exotic option is an option which has features making it more complex than commonly traded vanilla options. They may have several triggers relating to determination of payoff. An exotic option may also include non-standard underlying instrument, developed for a particular client or for a particular market. Exotic options are usually more complex than options that trade on an exchange, and are generally traded over the counter (OTC).
A structured product, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, and derivatives.
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Buy The Book Here: https://amzn.to/2J2kF3A
Visit our website: http://www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
