Profit Making Techniques for Commodity Options 2nd Edition 5 pdf

... OPTION STRATEGIES 3 Price of Underlying Instrument Profit 2 0 −1 1 −2 −3 5 −6 −7 −4 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 9.1 Naked Call Write to the strike price ... Count= 104 BUY A PUT 7 Price of Underlying Instrument Profit 6 4 3 5 2 1 −1 −2 −3 0 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 8.1 Bu...

Ngày tải lên: 21/06/2014, 12:20

... JWBK147-Smith April 25, 2008 9:37 Char Count= 144 OPTION STRATEGIES 10 Price of Underlying Instrument Profit 8 4 2 6 0 −2 −6 −8 −10 −4 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE ... OPTION STRATEGIES 3 Price of Underlying Instrument Profit 2 0 −1 1 −2 −3 5 −6 −7 −4 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGUR...

Ngày tải lên: 21/06/2014, 12:20

... STRATEGIES 3 Profit 2 1 0 −1 −2 −3 Price of Underlying Instrument 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 15. 1 Bull Spread Note the caveat of being only moderately bullish. This ... 15. 4 Bull Call Spread Results and Long Call Results Price Bull spread Long call 6 35 −2 7 / 8 5 5 / 8 640 −2 7 / 8 5 5 / 8 6 45 −2 7 / 8 5 5 / 8 647 7 / 8 0...

Ngày tải lên: 21/06/2014, 12:20

... 1 15 121 decision structure, 118–121 rationale for, 1 15 116 risk/reward and, 117–118 Naked put writing strategy, 151 – 157 decision structure, 154 – 157 rationale for, 151 – 152 risk/reward and, 153 – 154 Near-term/short-term ... 252 –266 implied volatility prediction, 72 rationale for, 249– 250 risk/reward and, 251 – 252 theoretical edge and, 52 Strangles: construction of, 76 imp...

Ngày tải lên: 21/06/2014, 12:20

... the 70 60 50 40 30 20 Profit 10 –10 0 25 30 35 40 45 50 55 60 65 Price of Underlying Instrument at Expiration 70 75 80 85 90 95 1001 05 1101 15 120 FIGURE 2.1 Option Chart c03 JWBK147-Smith April 25, ... Board—Index Options Week’s Expire date Open Net N.Y. Strike price Sales Int. High Low Price Chg. Close SP100 Apr 53 0 p 2434 7721 . 25 .1 25 .1 25 −.06 25 633 .55 SP100...

Ngày tải lên: 20/06/2014, 20:20

... Vega Rho 35 15. 12 99.77 0.000 −1.09 0.01 3.81 40 10.17 98.82 0.0 05 −1. 95 0.43 4.31 45 5 .50 87.40 0.041 −6. 05 3.38 4.19 50 2.08 53 .62 0.080 −9.93 6 .56 2.71 55 0 .51 19.28 0.060 −6 .55 4 .53 1.00 60 ... to expire 45 50 55 60 0.1191 0 .54 66 0.8997 50 0.0944 0 .54 27 0.91 65 40 0.0677 0 .53 84 0.9360 30 0.0399 0 .53 34 0. 958 2 20 0.0146 0 .52 74 0.9813 10 0.0009 0 .51 95...

Ngày tải lên: 20/06/2014, 20:20

... JWBK147-Smith May 8, 2008 9 :56 Char Count= 92 OPTION STRATEGIES 7 Price of Underlying Instrument Profit 6 4 3 5 2 1 −1 −2 −3 0 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 7.1 Buy ... Strategy 81 FIGURE 6.3 October Calls We would pay $11 ,55 5 for the 100 shares and receive $2 ,50 0 for our short call for a net investment of $9, 055 . However,...

Ngày tải lên: 20/06/2014, 20:20

... OPTION STRATEGIES 3 Price of Underlying Instrument Profit 2 0 −1 1 −2 −3 5 −6 −7 −4 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 9.1 Naked Call Write to the strike price ... before rolling forward. c08 JWBK147-Smith May 8, 2008 10:0 Char Count= 104 BUY A PUT 7 Price of Underlying Instrument Profit 6 4 3 5 2 1 −1 −2 −3 0 40 41 42 43 44 45 46 47...

Ngày tải lên: 20/06/2014, 20:20

... 15. 4 Bull Call Spread Results and Long Call Results Price Bull spread Long call 6 35 −2 7 / 8 5 5 / 8 640 −2 7 / 8 5 5 / 8 6 45 −2 7 / 8 5 5 / 8 647 7 / 8 0 −2 3 / 4 650 +2 1 / 8 − 5 / 8 655 ... STRATEGIES 3 Profit 2 1 0 −1 −2 −3 Price of Underlying Instrument 40 41 42 43 44 45 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 15. 1 Bull Spread Note the caveat o...

Ngày tải lên: 20/06/2014, 20:20

... a neutral market bias. 2 Price of Underlying Instrument Profit −2 −3 −1 1 −4 0 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 FIGURE 17.2 Short Butterfly c17 JWBK147-Smith May 8, ... 10:14 Char Count= 198 OPTION STRATEGIES 3 Profit 2 1 0 −1 −2 −3 Price of Underlying Instrument 40 41 42 43 44 41 46 47 48 49 50 51 53 54 55 56 57 58 59 60 52 FIGURE 16....

Ngày tải lên: 20/06/2014, 20:20