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QuantMaxxing on Instagram: "Exotic options are derivatives with non-standard payoff structures or conditions that go beyond plain-vanilla calls and puts. Their value depends not only on the final price of the underlying asset, but often on the path the price takes, multiple assets, time-dependent triggers, or embedded barriers. Examples include barrier options (knock-in/knock-out), Asian options (payoffs based on average prices), lookback options, digital options, and basket options involving mu
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