衍生品中有这两句话（见基础版PPT的92页，杨骁慧版）求解释，谢谢！ 1.American options on futures are more valuable than comparable European options. 2.American options on forwards have the same value of comparable European options.作者: apf薛老师 时间: 2013-10-15 15:25
The most important distinction here is the difference between futures contract and forward contract. Futures contracts are standardized and can not be early exercised, whereas forward contracts are OTC and can be early exercised. I guess you know the difference between American and European options.
