如果您无法下载资料，请参考说明：
1、部分资料下载需要金币，请确保您的账户上有足够的金币
2、已购买过的文档，再次下载不重复扣费
3、资料包下载后请先用软件解压，在使用对应软件打开
ReadingFuturescontractsarecontractswhichcostnothingtoenter.Thisisbecauseifyouareinthelongpositionyougainwhenthespotpriceoftheunderlyingasset,S,rises,youalsolosewhenthepricegoesdown(andviceversawiththeshortposition).Anoptionissimilarinmanywaystoafuturescontractinthatyouhavetherighttobuy(orsell)atacertainpriceinthefuture(thistimeitiscalledtheexerciseprice).However,theprincipaldifferenceisthatyoudon’thavetheobligationtobuyatthisprice–youhavetheoptionaswhetherornotyouchoosetobuy(orsell)atthisprice.Clearlyyouwillhavetopaysomepremiumforthisprivilege.Howmuch?Whyoptions?Options:definitionsOptions:TypesOptions:ExampleOptions:exampleOptions:exampleOptions:leveragePayofffromacalloptionPayofffromaputoptionProfitdiagramsWriting(orselling)optionsPayoffwhenwritingoptionsPayoffsfromwritingoptionsProfitfromwritingoptionsOptionprinciplesOptions:detailsOptionsmoreterminologyOptiontradingstrategiesTheprotectiveput:definitionProtectiveput:resultsVerticalcallspread:definitionVerticalcallspreadpayoff95-100VerticalspreadpayoffButterflyspread:definitionButterflyspreadspayoffsButterflyspreadpayoffStraddle:definitionStraddlepayoffStraddlepayoff:graphOptionpricingPut-CallparityPut-callparity:cashflowsPut-callparityPutcallparity:arbitragePutcallparity:arbitragePut-callparity:resultPut-callparity:examplePut-callparity:AmericanoptionsPut-callparity:AmericanoptionsPut-callparity:dividendsOptionpricing:Black-ScholesOptionpricing:Black-Scholes
立即下载
