Editing Option style (section)

===Asian option===
* An '''[[Asian option]]''' (or '''average option''') is an option where the payoff is not determined by the underlying price at maturity but by the average underlying price over some pre-set period of time. For example, an Asian call option might pay MAX(DAILY_AVERAGE_OVER_LAST_THREE_MONTHS(S) − K, 0).<ref name=Rogers1995>{{citation
 |doi          = 10.2307/3215221
 |last1        = Rogers
 |first1       = L.C.G.
 |last2        = Shi
 |first2       = Z.
 |year         = 1995
 |title        = The Value of an Asian Option
 |journal      = Journal of Applied Probability
 |volume       = 32
 |issue        = 4
 |pages        = 1077–1088
 |url          = http://www.institut.math.jussieu.fr/~boka/enseignement/isifar/refs/Ref_Asiatiques_Rogers_Shi_95.pdf
 |archive-url  = https://wayback.archive-it.org/all/20090320135330/http://www.institut.math.jussieu.fr/~boka/enseignement/isifar/refs/Ref_Asiatiques_Rogers_Shi_95.pdf
 |url-status   = dead
 |archive-date = 2009-03-20
 |jstor        = 3215221
 |s2cid = 120793076
 |access-date  = 2008-11-15
}}</ref>
* There are two types of Asian options: '''Average Price Option''' (fixed strike) and '''Average Strike Option''' (floating strike). 
* Asian options were originated in [[commodity markets]] to prevent option traders from attempting to manipulate the price of the underlying security on the exercise date. 
* They were named 'Asian' because their creators were in [[Tokyo]] when they created the first pricing model<ref>{{cite book|author=Paul Wilmott|title=Paul Wilmott on Quantitative Finance|url=https://books.google.com/books?id=zdLDAQAAQBAJ|date=25 October 2013|publisher=John Wiley & Sons|isbn=978-1-118-83683-5|chapter=Chapter 25 section 25.1}}</ref>