Fig. 19.
Average payoffs for different quantiles defining |$HDD_{strike}$| in |$\{0.7, 0.8, 0.9\}$| for each month of 2019 and based on the |$50\,000$| Monte Carlo simulation 30 days ahead.
Average payoffs for different quantiles defining |$HDD_{strike}$| in |$\{0.7, 0.8, 0.9\}$| for each month of 2019 and based on the |$50\,000$| Monte Carlo simulation 30 days ahead.
