Exotic options are options with rules governing the payoff that are more complicated than standard options. Many exotic options have been widely developed in finance market and academic research interests. In my talk I will present a further development of American-style multireset put options which are based on the European-style and American-style one reset put options developed by Stephen Gray and Robert Whaley. I will also attempt to maximize the warrant price for a given problem formulation by optimal placing of the reset points.

MINISIMPOSIUM SESSION: 7. Numerical methods for Stochastic equations