Exotic options are special types of contracts used for betting or protecting against risks in finance. Some of these options have solutions for their prices if we assume the asset price is watched all the time. Different methods like the binomial model or Monte Carlo simulation can be used to price these options. Asian options, for example, depend on the average price during the option's life. Path-dependent barrier options can also be priced using these methods. Sometimes, exotic options can be broken down into simpler options with known prices. These exotic options have more complicated payoffs compared to regular European options.