There are two types of vanilla options with regard to the exercise. This distinction has nothing to do with the place where they are traded – all normal share in Europe, American style. European style – can be exercised at the end of the term only at a time. American style – can be exercised during the lifetime. The exotic options have a number of variations on the above two types.
Bermuda style – can be exercised only during certain intervals during the term. The name is a nod derived from the Bermuda Islands, which inliggen between Europe and America. Canarian style – can be exercised only during certain intervals during the term, but these intervals begin only after a period of one year, for example. Anything is possible with exotic options because they are custom made. In practice, however, the most exotic options a combination of a limited number of variables as shown by Forex VPS Rating.