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Let \\( ( \\Omega ,\\mathcal{U},\\mathcal{P}) \\) be a probability space where \\(\\mathcal{U=U}_{T}\\), and \\(\\mathcal{P}:\\mathcal{U}\\to [ 0,1 ] \\) denotes the underlying probability measure. There is a riskless security with deterministic return \\(R_{t}>0\\) at time \\(t\\). There are some risky securities, for any of which the price \\(X_{t}\\) at time \\(t\\) is a real random variable measurable with respect to \\(\\mathcal{U}_{t}\\). A probability measure \\(\\mathcal{P}^{0},\\) equivalent to \\(\\mathcal{P},\\) is risk-neutral if the expected return from all of the risky securities, under \\(\\mathcal{P}^{0},\\) is the same as that from the riskless security, i.e.,  \\[  E^{0}\\left[\\frac{X_{t}-X_{s}}{X_{s}}\\,\\biggl|\\, \\mathcal{U}_{s} \\right]=\\frac{R_{t}-R_{s}}{R_{s} }, \\quad 0\\leq s<t\\leq T. \\]  Since \\(R_{t}^{-1}\\) is the present or discounted value of \\(1\\) unit of the riskless security (money) received at time \\(t\\), in units of the riskless security (money) received at time \\(0,R_{t}^{-1}X_{t}\\) is the discounted price process for the risky security.   More generally, if \\(s\\) and \\(t\\) are two points of time with \\(s<t\\) writing the security prices \\(X_{t}\\) as \\(X\\) (the positive real \\(\\mathcal{U}_{t}\\)-measurable random variables, \\(X:=X( \\omega ) \\geq 0\\), \\(\\omega \\in \\Omega ,\\) constituting the positive convex cone \\(L^{+})\\) and the relationship between prices at \\(s\\) and those at \\(t\\) implied by risk neutrality as \\(x( X) ,\\) \\(x( X) :=X_{s}\\), \\(X\\in L^{+},\\) is a linear operator of the form \\( x( X) =E^{0}[ R^{-1}X\\mid B]\\), \\(X\\in L^{+},\\) where \\( R^{-1}:=\\frac{R_{s}}{R_{t}}>0\\) is the discount factor between \\(s\\) and \\(t\\) and the \\(\\sigma -\\)algebra \\(B:=\\mathcal{U}_{s}.\\) This price operator is considered in the standard \\(L_{p}-\\)space, \\(L_{p}:=L_{p}( \\Omega , \\mathcal{U},\\mathcal{P}) ,1\\leq p<\\infty ,\\) of the random variables \\(X\\) with the norm \\(\\|X\\|:=( E|X|^{p}) ^{\\frac{ 1}{p}}.\\) Accordingly, the convex cone of the prices at time \\(t,\\) \\(L^{+}\\) is a subset of \\(L_{p}^{+}( \\Omega ,\\mathcal{U},\\mathcal{P}) =\\{X\\in L_{p}:X\\geq 0\\}.\\) The authors are interested in the existence of a risk-neutral probability measure \\(P^{0}\\) equivalent to \\(P\\) such that for all \\(X\\in L_{p},\\) the conditional expectations \\(E^{0}[ X\\mid B] \\) are well defined elements of the \\(L_{p}\\)-space so that \\(E^{0}[ R^{-1}X\\mid B] \\) is well defined for all \\(X\\in L_{p},\\) thus giving the extension of the linear operator \\(x( X)\\), \\(X\\in L^{+}\\) on the whole \\(L_{p}\\)-space.  In the paper the authors suggest several new versions of extension theorems and their application to questions of the existence of a risk neutral probability measure. They are concerned with linear extensions which are monotone i.e., \\(x( X^{\\prime }) \\geq x( X) \\) for \\(X'\\geq X\\) and also \\(B\\)-homogeneous, i.e., \\( x( \\lambda X) =\\lambda x( X) \\) for \\(B\\)-measurable multipliers \\(\\lambda \\) such that \\(\\lambda X\\in L_{p},\\) properties which are motivated by the fact that they hold for the price operator. For the aforementioned class of operators they establish a kind of H\u00f6lder equality, both majorant preserving and sandwich preserving extension theorems and suggest some criteria for the existence of a risk neutral probability measure, which is the fundamental theorem of asset 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