中文摘要：

给出了对一种新型可转换期权的价格和风险管理参数进行模拟估计的蒙特卡罗方法,并以看涨期权为例与标准的关卡期权作了对比分析。结果表明,由于具有可转换性,可转换期权比一般的关卡期权具有更好的规避风险、保值增益的功能。模拟估计结果也说明了蒙特卡罗方法在对复杂新型期权定价分析中具有重要的作用。

英文摘要：

A Monte Carlo simulation approach for the price and risk management parameter of a kind of exotic option-convertible barrier option was proposed,and the price and risk management parameter of the new option was analyzed on call options by comparing it with the standard barrier options.The analysis result shows that this new option shares the advantages of less risk and more profit because of its convertibility and that the Monte Carlo method plays a critical role in the pricing analysis of new complicated options.