Exotic option: exchange option (FRM T3-47)

[@angrybird29]

thank you for publishing this series for our consumption, greatly appreciate it.!

[@bionicturtle]

Thank you, it's our pleasure!

[@user-cz2li5wx8g]

Thank you so much for the great explanation. you make every concept so clear.

[@deeprodatta1387]

So it means a -ve correlation would increase the price of the options as the difference between the 2 assets would increase, in turn increasing the pay-off.

[@Gowombats]

Hi! Thanks for the video. I have one question, how could you value options where the underlying assets (ie gold or silver) can go negative?