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With the same two assets (both at $100$ ), the exchange option paying $\max(S_1 - S_2, 0)$ is worth $9.58$ . What is a claim paying $\max(S_1, S_2)$ in one year worth?

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Multi-asset exotics: baskets, best-of, spreads and quantos

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Optiver, SIG (Susquehanna)

With the same two assets (both at 100100100), the exchange option paying max⁡(S1−S2,0)\max(S_1 - S_2, 0)max(S1​−S2​,0) is worth 9.589.589.58. What is a claim paying max⁡(S1,S2)\max(S_1, S_2)max(S1​,S2​) in one year worth?

More exotics and structured products questions

With the same two assets (both at $100$ ), the exchange option paying $\max(S_1 - S_2, 0)$ is worth $9.58$ . What is a claim paying $\max(S_1, S_2)$ in one year worth?