Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development) 2 docx
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_2 docx
... 1/ 2 point, to 22 1/ 2 ; the 380 put then moves down by 1/ 2 point, to 21 1/ 2 . If the December futures contract moves down by 1 point, then the 380 call moves to 21 1/ 2 and the 380 ... carry of the index, and the amount of dividends contained in the index. The costs of carry and dividends are added and discounted in the same manner as options on individual stocks. These options ... traded at the CBOE. Another example is the ESX options (at the 25 and 75 strikes) on the Financial Times 100 Index (FTSE-100) traded at the London International Financial Futures and Options...
- 23
- 256
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_1 doc
... secure in the knowledge that buying stock at the lowest point of a move is a matter only of luck. Few investors in 19 32 bought the stocks in the DJIA when it was at 41 .22 .Summary of the terms ... price of the underlying, and it is termed the intrinsic value. The second component is the time premium. The 94.00 call, with the underlying at 94.305, is worth 0. 32; it has an intrinsic value ... as shown in Table 2. 3. 2. 5 2 1.510.50–0.5–115.5 161.981.480.980.48–0. 02 –0. 52 –0. 52 –0. 52 16.517 17.5 18 18.5 19Figure 2. 2 Expiration profit/loss relating to Table 2. 2 12 Part 1...
- 23
- 173
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_3 pdf
... 1 point decrease in the underlying, the combined delta decreases by 0. 026 : the put increases its delta by 0.013, and the call decreases its delta by 0.013. In other words, as the underlying ... they contain the most time premium. Those nearest the money, the 360s and the 400s, also have increased theta. The far out-of -the- money and deep in -the- money options can have decreased theta, ... decay and therefore has negative theta.Tables 6.3 and 6.4 are similar to the previous Tables 6.1 and 6 .2, but they include the daily theta numbers for all the contracts listed. Here, the theta...
- 23
- 203
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_4 potx
... from the underlying. The trade-offs are similar to those between straight out-of -the- money and at -the- money calls or puts. The further a spread is from the underlying, the less cost or income ... spread has the greater probability to profit. The probability of either spread expiring in the money can be approxi-mated by the delta of the strike that is nearest the underlying. In the above ... 85, then the solution is to buy one 80 put. In the first case, the resulting position is a long call condor, and in the second case, the resulting position is a long put condor. Both of these...
- 23
- 151
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_5 doc
... 1 2. He began to cover their risk by selling futures. Then the other players in the market needed to sell futures in order to cover their risk. The market went down and down. Traders were ringing ... 371.50. The downside break-even level is the strike price minus the cost of the spread, or 350 – 21 .50 = 328 .50.Above 371.50 the spread profits point for point with an increase in the stock ... price, and the maximum return is potentially unlimited. Below 328 .50 the spread profits point for point with a decline in the stock price, and the maximum return is the full extent of the shares’...
- 23
- 147
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_7 pot
... 0.51 12 1/ 2 0.48 0.013 11.5 21 .5400 53/80 .28 25 1/40. 72 0.011 10 21 .5 420 17/80. 12 417/80.87 0.006 5 .2 154405/80.04 601/ 2 0.96 0.003 2. 25 6.5 14 The covered write, the ... that there were better ways of capturing the upside. These are outlined in the examples at the end of Chapters 1 and 2, and they are called substitution trades. 15 The interaction of the ... don’t recommend the buy-write as an initiating trade. On the other hand, if you’ve inherited the stock from your father, who bought it for $20 or thereabouts, and we’re at the start of a bear...
- 23
- 150
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_8 pptx
... impliedPut delta 121 0.01 10. 02 0.01 122 0.03 10. 42 0.03 123 0.05 9. 92 0.06 124 0.07 9.00 0.08 125 0.14 8.91 0.14 126 2. 26 8.59 0.77 0 .25 8.68 0 .23 127 1.44 8.44 0.65 0. 42 8. 42 0.35* 128 1.05 8.14 ... volatility1 12 0.01 11 .21 114 0.03 11.47116 0.06 11 .21 118 0.11 10.84 120 0.19 10.38 122 0.33 10.01 124 0.57 9.76 126 3.31 9.57 1.30 9.55* 128 2. 22 9.44 2. 20 9.43100 106 1 12 118 124 130 136 1 42 148100Strike ... losing value because the stock is moving away from them, but they are gaining value as the increasing implied volatility increases their premium. There is increased demand for them because they...
- 23
- 138
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_10 pdf
... expiration0 0 25 50 75 100 125 Profit/loss 22 .75 22 .75 +2. 25 +27 .25 + 52. 25 +77 .25 +1 02. 25 25 0150–50050–150 25 0–350–450 +25 3–47–147 24 7–347–447+53+153BE = 55535100 520 0 5300 5400 5500 ... 597.75 22 .75 2. 25 27 .25 52. 2577 .25 1 02. 25Answer 4g 25 8 Questions and answersChapters 3 questions 1 If GE is trading at 18.03, the 17.00 puts and the 19.00 calls are both out-of -the- money. ... you being fired.One thing they all had in common: they cut costs while increasing risk. In other words, they didn’t buy the put, or worse, they sold the put. These firms, like many others,...
- 23
- 230
- 0
Annuities and Other Retirement Products: Designing the Payout Phase (Directions in Development)_11 ppt
... to zerovii) 32 – [390 – 370] = 12p profit(c) i) 22 .5 – [2 × 10] = 2. 5, or 25 ii) 460 – 2. 5 = 457.5iii) 420 iv) [460 – 420 ] – 2. 5 = 37.5v) 420 – 37.5 = 3 82. 55vi) 3 82. 5, if the shares go ... 23 v) 120 0 + 23 = 122 3vi) potentially unlimitedvii) 23 – 12 = 11 profitviii) Buy either one 120 0 call, or one 122 5 call.(b) i) 17 – 7.5 – 2. 5 = 7, or $700ii) 1175 + 7 = 11 82 iii) 120 0 to 122 5iv) ... [ 120 0 – 1175] – 7 = 18v) 122 5 + 18 = 124 3 26 6 Questions and answers 3 False, they both change the same amount in either case. If the underly-ing moves up, the 0.50 delta call increases in...
- 23
- 186
- 0
Báo cáo khoa học: Experimental and steady-state analysis of the GAL regulatory system in Kluyveromyces lactis docx
... binding site (D1) and two binding sites (D2) aregiven as follows:f1¼½D1 À KlGal4p 2 D1tð11Þf 2 ¼½D2 ÀKlGal4p 2 þ½D2 À KlGal4p 2 ÀKlGal4p 2 D2tð 12 where D1t and D2tare the ... K. lactisGal4pt0.0 02 6.95 5.47 10 5.47 20 Gal80pt0.49 25 .6 50 24 6 42 3 42 Gal3pt 2. 4 25 0 320 0Gal1pt830 777 11 · 103D1t0.07 12 0.07 12 0.07 12 0.07 12 0.07 12 0.07 12 D2t0.1 0.43 0.16 0.43 ... ð19Þf2p¼ 0 :28 þ½K2p 2 ½K2p 2 þ½Glc 2 ! 0:7 20 Þwhere K1p and K2pare the half-saturation constantsfor genes with one and two binding sites, whose valueswere estimated to be 0. 82 and...
- 16
- 371
- 0
Từ khóa: Báo cáo thực tập tại nhà thuốc tại Thành phố Hồ Chí Minh năm 2018Nghiên cứu tổ hợp chất chỉ điểm sinh học vWF, VCAM 1, MCP 1, d dimer trong chẩn đoán và tiên lượng nhồi máu não cấpNghiên cứu tổ chức chạy tàu hàng cố định theo thời gian trên đường sắt việt namGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitĐỒ ÁN NGHIÊN CỨU CÔNG NGHỆ KẾT NỐI VÔ TUYẾN CỰ LY XA, CÔNG SUẤT THẤP LPWANNGHIÊN CỨU CÔNG NGHỆ KẾT NỐI VÔ TUYẾN CỰ LY XA, CÔNG SUẤT THẤP LPWAN SLIDETrả hồ sơ điều tra bổ sung đối với các tội xâm phạm sở hữu có tính chất chiếm đoạt theo pháp luật Tố tụng hình sự Việt Nam từ thực tiễn thành phố Hồ Chí Minh (Luận văn thạc sĩ)Phát triển du lịch bền vững trên cơ sở bảo vệ môi trường tự nhiên vịnh hạ longNghiên cứu khả năng đo năng lượng điện bằng hệ thu thập dữ liệu 16 kênh DEWE 5000Tổ chức và hoạt động của Phòng Tư pháp từ thực tiễn tỉnh Phú Thọ (Luận văn thạc sĩ)BT Tieng anh 6 UNIT 2chuong 1 tong quan quan tri rui roGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtChiến lược marketing tại ngân hàng Agribank chi nhánh Sài Gòn từ 2013-2015MÔN TRUYỀN THÔNG MARKETING TÍCH HỢPTÁI CHẾ NHỰA VÀ QUẢN LÝ CHẤT THẢI Ở HOA KỲ