Learning Techniques for Stock and Commodity Options 4 ppt
Learning Techniques for Stock and Commodity Options_1 docx
... 0.060 −6.55 4. 53 1.00 60 0.08 4. 07 0.020 −2.05 1 .44 0.21 65 0.01 0. 54 0.003 −0.36 0.26 0.03 c 04 JWBK 147 -Smith May 8, 2008 9 :48 Char Count= 52 WHY AND HOW OPTION PRICES MOVE TABLE 4. 8 Theoretical ... puts −100 2.08 0. 54 54. 00 0.08 −0.08 Short April $55 calls −2 84 0.51 0.19 −53.96 0.06 −17. 04 Net Position 0. 04 −25. 04 c 04 JWBK 147 -Smith May 8, 2008 9 :48 Char Count=...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_2 pdf
... therefore change the range of implied and historical volatility. c05 JWBK 147 -Smith April 25, 2008 8 :42 Char Count= Volatility 61 60 50 40 30 20 10 0 1357911131517192123252729313335373 941 4 345 4 749 5153555759 Days Price FIGURE ... distribution Exercise price FIGURE 5 .4 Normal Volatility c05 JWBK 147 -Smith April 25, 2008 8 :42 Char Count= CHAPTER 5 Volatility VOLATILITY AND THE...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_3 pptx
... 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 a Call that they have duplicated ... are trading for $4 and the out-of-the-money options are trading for $2. This means that you could have twice as many of the out-of-the-money options as you could o...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_4 ppt
... UI. c09 JWBK 147 -Smith May 8, 2008 10:3 Char Count= 116 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 ... Char Count= 1 04 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...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_5 pot
... should c11 JWBK 147 -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 ... JWBK 147 -Smith May 8, 2008 10 :4 Char Count= 126 OPTION STRATEGIES 3 Price of Underlying Instrument Profit 2 0 −1 1 −2 −3 −5 −6 −7 4 40 41 42 43 44...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_6 pdf
... price and return. c12 JWBK 147 -Smith April 25, 2008 9:39 Char Count= 152 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 ... JWBK 147 -Smith April 25, 2008 9:39 Char Count= c13 JWBK 147 -Smith May 8, 2008 10:6 Char Count= 160 OPTION STRATEGIES 3 Price of Underlying Instru...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_7 doc
... 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 14. 1 Ratio Covered Put Write Note that you have initiated ... c15 JWBK 147 -Smith May 8, 2008 10:13 Char Count= 1 84 OPTION STRATEGIES 3 Profit 2 1 0 −1 −2 −3 Price of Underlying Instrument 40 41 42 43 44 45 46 47 48 49...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_8 pptx
... 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 c16 JWBK 147 -Smith May 8, 2008 10: 14 Char Count= 206 OPTION STRATEGIES TABLE ... c16 JWBK 147 -Smith May 8, 2008 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...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_9 ppt
... Butterfly Results and Short Call Results Price Long butterfly Short call 520 − 1 / 4 +18 525 +4 3 / 4 +18 530 − 1 / 4 +13 535 − 1 / 4 +8 540 − 1 / 4 +3 545 − 1 / 4 −2 550 − 1 / 4 −7 Notice that ... − 1 / 4 +2 1 / 4 525 +4 3 / 4 +2 1 / 4 530 − 1 / 4 −2 3 / 4 535 − 1 / 4 −2 3 / 4 Holding the current position makes sense if the UI price will stay within the limi...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_10 doc
... Instrument Profit −2 −3 −1 1 4 3 4 5 6 0 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 FIGURE 21.1 Long Straddle 0 Price of Underlying Instrument Profit −2 −3 −1 4 −5 −6 1 2 3 4 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 FIGURE ... Instrument Profit −2 −3 −1 4 −5 −6 1 2 3 4 40 41 42 43 44 45 46 47 48 49 50 51...
Ngày tải lên: 22/06/2014, 17:20