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The logarithm of the stock prices has a form  \\[ (X_{t}^{s,x})_{i}= x_{i}+(r-\\delta_{i}-{1\\over2}\\sum\\limits_{j=1}^{n}\\sigma_{ij}^{2}) (t-s)+\\sum\\limits_{j=1}^{n}\\sigma_{ij}(W_{t}^{j}-W_{s}^{j}) \\]  for \\(0\\leq s\\leq t\\leq T\\) and \\(x=(x_1,\\ldots,x_{n})\\), where \\((W^1_{t},\\ldots,W_{t}^{n})\\) is a standard \\(n\\)-dimensional Brownian motion, \\(r\\geq0\\) is the interest rate, \\(\\delta_{i}\\geq0\\) is the dividend rate of the asset \\(i\\), the matrix \\(\\Sigma=(\\sigma_{ij})_{1\\leq i,j\\leq n}\\) is invertible. The value of an American option with date of maturity \\(T\\) is given by \\(V_{t}=C(t,X_{t})\\), where \\(C(t,x)=E(e^{-r\\tau^{*}}\\psi (X_{\\tau^{*}}^{0,x}))\\), \\(\\tau^{*}=\\inf\\{u\\in[0,T-1]\\mid C(t+u,X_{u}^{0,x})=\\psi(X_{u}^{0,x})\\}\\), \\(\\psi(X_{t})\\) is a payoff process, \\(\\psi(x)\\) is some continuous nonnegative function. The set \\({\\mathcal E}= \\{(t,x)\\in [0,T[\\times \\mathbb R^{n}\\mid C(t,x)=\\psi(x)\\}\\) is called the exercise region of the American option. Let \\({\\mathcal A}\\) is the differential operator associated to the considered diffusion model  \\[ {\\mathcal A}F={1\\over2}\\sum\\limits_{i,j=1}^{n} a_{ij}{\\partial^{2}F\\over \\partial x_{i}\\partial x_{j}}+ \\sum\\limits_{i=1}^{n}(r-\\delta_{i}-{1\\over2}\\sum\\limits_{j=1}^{n} \\sigma_{ij}^{2}){\\partial F\\over\\partial x_{i}}-rF,\\;(a_{ij})_{1\\leq i,j\\leq n}=\\Sigma^{*}\\Sigma. \\]  The author proves the following general analytic result: The exercise region is empty if and only if \\({\\mathcal A}\\psi\\) is a nonzero positive measure on \\(\\mathbb R^{n}\\). Then a particular class of payoff functions that are traded in financial markets is studied. Also the results concerning the valuation of various types of American options are 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