Pennines Pennines The Pennines , also known as the Pennine Chain or Pennine Hills, are a range of mountains and hills in England separating North West England from Yorkshire and North East England. Often described as the "backbone of England", the Pennine Hills form a more-or-less continuous range stretching northwards from the Peak District in the northern Midlands, through the South Pennines, Yorkshire Dales and North Pennines up to the Tyne Gap, which separates the range from the Cheviot Hills. Some definitions of the Pennines also include the Cheviot Hills while excluding the southern Peak District. South of the Aire Gap
Mountain range (options) computed, and the equity with the largest return is noted; denote this equity by formula_19. The derivative then makes the payoff: formula_20, and formula_21 is removed from the basket. The procedure is repeated until maturity, at which time the final payoff occurs and the basket is emptied. Mountain range (options) Mountain ranges are exotic options originally marketed by Société Générale in 1998. The options combine the characteristics of basket options and range options by basing the value of the option on several underlying assets, and by setting a time frame for the option. The mountain range options are further subdivided