Financial Derivatives - Class 10 - Exotics, Structured Products & Derivatives Mishaps

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.

[winterzhang]

One of your student in QM. Going to stick around the financial industry for life. First job as a commodity analyst and trader of futures and options. With lessons from you sir, I think I am going to achive great!

[mazteryoda]

Just discovered your channel. Amazing! I work for one of the big five in OTC collateral and your videos have helped me understand so much!

[getmartincarter]

Apart from having elegant style Mr Patrick Boyle has a devilish sense of humour delivered with minimal emphasis - highly informative

[Gilamang]

Really interesting. For several years I worked on tax aspects of structured products at a law firm. A fair percentage had really complicated terms that resulted in strangely specific bets about the trajectory of one or more underlyings. I always wondered what kind of person or institution would have the confidence to make bets that seem to require such a clear view of the future.

[shaileenshah]

This was very helpful Patrick. Thank you for all the work you put in this and hopefully can continue to learn more from you

[RK-hello]

Hi Patrick, I'm a quant trader and developer, and I've been watching your series and there are lots of interesting info.
Here is my feedback, as a fan.... I think if you make the "look" of the videos more consistent you may get more views/shares than you already do. More of a "studio" setting, where you are always framed in the same place and the same size, as well as a nice background to frame you properly. And definitely don't wear white on a white background lol

[romeoraya]

My favorite channel, learning more financial derivatives

[juwright]

WOW! So very interesting. Thank you for the content. I truly appreciate ALL OF THE WORK YOU PUT INTO YOUR VIDS AND PODCASTS. Well done👍🏻

[parafitality]

When you walk into the wrong lecture but decide to sit down anyway because the content is interesting

[ljgproductions]

This was awesome. Super interesting the financial engineering of these products. Look back options didn’t even know these were a thing same with gap options. Crazy sh*t. Wish you were my professor Pat!

[niahma]

My favourite channel on youtube love from singapore $$$

[simulatethat]

Hey Patrick. I'd be curious if you could find an updated graph of the structured product interest what with the introduction of JPMorgan's JEPI and JEPQ etfs that use ELNs for their options overlay. Love your content.

[josefreeda]

Thank you so much for this content sir. 😊

[rileyheiman]

Thank you Patrick! What companies are buying exotic options (barrier options, Bermuda, … other)? Since these are OTC, I wonder if they are purchasing a large quantity.

[junfu]

Question: Which brokerage firm offer lookback options?

[YK-jnkp]

Massive respect for your time and effort you've put on to educate interested public. Are there any platform for retail traders other than institutions offering spreadbet and CFD?

[liaoweien]

Hi Patrick, thanks a lot for the awesome video. I have a quick question for the structured notes （bond + call option). Does the big bank like jp morgan that offers that kind of notes has huge discount to purchase those call options compared to normal investors since they would purchase lots of the call options? Thanks in advance.

[junfu]

Can an individual trade lookback options?

[willchatman]

Hi. Patrick where do you teach ? Are u in the states or Europe? I would really like to learn more from you, I have recently subscribed to your channel, your knowledge and the way you present and explain your material is IVY LEAUGE STATUS. I really mean that, I wish I had a professor like u in college 😔, no doubt I would have whent straight into the financial world. No question about it. Oh, i just looked where u teach at online. That's why it's so good, because your are ivy league. Cool beans 😎 👌

[cquared]

exotic vs vanilla? are we talking about financial instruments... or???lol