Examples of Exchange-Traded Exotic Options and Spread Products

Summary

The document answers a question about exotic options that trade on exchanges by naming several product examples. It mentions average price options and calendar spread options, as well as options on the spread between crude oil and refined petroleum products. It also identifies callable bull and bear contracts traded in Hong Kong as barrier-style options. These examples show that exchange-listed options can reference averages, price spreads, or barrier features rather than only standard calls and puts.

The material is a brief list of products and venues, not a full survey or a guide to pricing or trading them. It does not explain contract terms, liquidity, current listing status, payoff formulas, or risks, and the original question's examples include some uncertainty about whether certain products remain traded. Treat the named instruments as illustrations rather than a complete or current exchange catalog.

Key ideas

• Average price options and calendar spread options are cited as exchange-traded examples.
• Options on crude oil and refined product spreads are another listed product type.
• Callable bull and bear contracts are described as barrier options traded in Hong Kong.
• The examples do not provide contract specifications, pricing methods, or a complete listing survey.

Tags

# What exotic options are exchange-traded?


# What exotic options are exchange-traded?












There are a number of exchanges that trade vanilla Call/Put American/European options on various underlyings (equities, indices, futures). There have been some trading in digital options on certain underlyings in US, but I don't see any indication that they are still traded. The ICE exchange lists some Asian APOs (Average Price Options), while both CME and The ICE list some CSOs (Calendar Spread Options) which I would also consider exotic for the purposes of this question.

What other exchange-traded exotic options do you know? Please, specify the name of the exchange and the type of the exotic options that are offered there.

## Answer by Randor (score 2)

https://quant.stackexchange.com/a/19495

Options on the spread between crude oil and petrol are traded on the cme http://www.cmegroup.com/trading/energy/refined-products/rbob-crack-spread-swap-futures_quotes_globex_options.html

http://www.cmegroup.com/trading/energy/refined-products/heating-oil_quotes_globex_options.html#optionProductId=566

## Answer by Flux (score 0)

https://quant.stackexchange.com/a/53385

Callable bull/bear contracts, which are barrier options, trade on the Hong Kong exchange (HKEX). See: https://www.hkex.com.hk/Products/Securities/Callable-Bull-Bear-Contracts?sc_lang=en

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.