final Handle<Quote> underlyingH = new Handle<Quote>(new SimpleQuote(underlying));

        final Handle<YieldTermStructure> flatDividendTS = new Handle<YieldTermStructure>(new FlatForward(settlementDate, dividendYield, dayCounter));

        final Handle<YieldTermStructure> flatTermStructure = new Handle<YieldTermStructure>(new FlatForward(settlementDate, riskFreeRate, dayCounter));

        final Handle<BlackVolTermStructure> flatVolTS = new Handle<BlackVolTermStructure>(new BlackConstantVol(settlementDate, calendar, volatility, dayCounter));

        // European Options

        final VanillaOption europeanOption = new EuropeanOption(payoff, europeanExercise);

        // Bermundan options (can be thought as a collection of European Options)

        final Handle<Quote> underlyingH = new Handle<Quote>(new SimpleQuote(underlying));

        final Handle<YieldTermStructure> flatDividendTS = new Handle<YieldTermStructure>(new FlatForward(settlementDate, dividendYield, dayCounter));

        final Handle<YieldTermStructure> flatTermStructure = new Handle<YieldTermStructure>(new FlatForward(settlementDate, riskFreeRate, dayCounter));

        final Handle<BlackVolTermStructure> flatVolTS = new Handle<BlackVolTermStructure>(new BlackConstantVol(settlementDate, calendar, volatility, dayCounter));

        final BlackScholesMertonProcess bsmProcess = new BlackScholesMertonProcess(underlyingH, flatDividendTS, flatTermStructure, flatVolTS);

        // European Options

        final VanillaOption europeanOption = new EuropeanOption(payoff, europeanExercise);

            final Handle<BlackConstantVol> flatVol = new Handle<BlackConstantVol>(new BlackConstantVol(0, new NullCalendar(), h2, dayCounter));

            //instantiate the option

            final Exercise exercise = new EuropeanExercise(maturity);

            //FIXME:Review BlackScholes, GeneralizedBlackScholesStochasticProcess

            //Handle<StochasticProcess> stochasticProcess = new Handle<StochasticProcess>(new GeneralizedBlackScholesProcess(underlying, flatRate, flatVol));

        }

        else throw new IllegalArgumentException("Invalid option type");

        Exercise europeanExercise = new EuropeanExercise(maturityDate);

        final Calendar calendar = new Target();

        Handle<Quote> underlyingH = new Handle<Quote>(new SimpleQuote(underlying));

        Handle<YieldTermStructure> flatDividendTS = new Handle<YieldTermStructure>(new FlatForward(settlementDate, dividendYield, dayCounter));

        Handle<YieldTermStructure> flatTermStructure = new Handle<YieldTermStructure>(new FlatForward(settlementDate, riskFreeRate, dayCounter));