Learning Techniques for Stock and Commodity Options 7 doc
Learning Techniques for Stock and Commodity Options_1 docx
... in foreign interest rates. This is only used in foreign exchange options. It has no impact on any other options. Foreign exchange options are affected by phi because options are priced on the forward ... drawbacks. As a result, the model is no longer the standard for options on bonds, foreign exchange, and futures, though the standard models for these three items are modification...
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 JWBK1 47- Smith April 25, 2008 8:42 Char Count= Volatility 61 60 50 40 30 20 10 0 13 579 111315 171 9212325 272 9313335 373 9414345 474 9515355 575 9 Days Price FIGURE ... dimension. 59 c06 JWBK1 47- Smith May 8, 2008 9:52 Char Count= Selecting a Strategy 79 1 17. 5 115.0 112.5 110.0 1 07. 5 105.0 102.5 100.0 97. 5 95.0...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_3 pptx
... money at expiration. For example, assume you bought OEX 580 options at 12 and the OEX was at 575 . If the option expires and c 07 JWBK1 47- Smith May 8, 2008 9:56 Char Count= CHAPTER 7 Buy a Call Price ... 15,641 1.00 −. 074 8 . 078 9 −.0919 Now we have exactly what we were looking for, a position that is long the stock in the correct amount but also short implied volatility an...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_4 ppt
... premium. For example, you must pay $1,500 to buy a put on Treasury-bond futures if the price is 1 1 / 2 . You will pay $75 0 for 10 stock options with a premium of 0 .75 each. c08 JWBK1 47- Smith ... The formula is: Return = (Profit or loss) ÷ initial investment For example, if you buy an IBM put option for 5 and sell it for 7 1 / 2 ,for a profit of 2 1 / 2 , your return on...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_5 pot
... down and forward—keep some of your original write, and roll down and for- ward some into the next expiration month. Note that rolling down and forward restricts the maximum profit potential for ... For example, if you’re long one UI and short two calls, you have, for margin purposes, one covered call write and one naked short call. Break-Even Point The formulas for the tw...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_6 pdf
... roll up and forward—keep some of your original write and roll up and forward some into the next expiration month. Note that rolling up and forward restricts the maxi- mum profit potential for a ... the two legs on and want to change the character of the trade. c12 JWBK1 47- Smith April 25, 2008 9:39 Char Count= Naked Put Writing 1 57 time premium or to sell the far options and...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_7 doc
... −10 7 / 8 −2 7 / 8 7 7 / 8 635 +3 −5 7 / 8 −2 7 / 8 7 7 / 8 640 −2 − 7 / 8 −2 7 / 8 7 7 / 8 645 7 +4 1 / 8 −2 7 / 8 7 7 / 8 6 47 7 / 8 7 +70 7 7 / 8 650 7 +9 1 / 8 +2 1 / 8 7 7 / 8 655 7 ... profit/loss 640 −10 3 / 4 +7 7 / 8 −2 7 / 8 645 −10 3 / 4 +7 7 / 8 −2 7 / 8 6 47 7 / 8 7 7 / 8 +7 7 / 8 0 650 −5 3 / 4 +7 7 / 8 +2 1 / 8 655 − 3 / 4 +2 7 / 8...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_8 pptx
... +10 7 / 8 +2 7 / 8 +10 7 / 8 635 −3 +5 7 / 8 +2 7 / 8 +5 7 / 8 640 +2 + 7 / 8 +2 7 / 8 + 7 / 8 645 +7 −4 1 / 8 +2 7 / 8 −4 1 / 8 6 47 7 / 8 +7 70 7 650 +7 −9 1 / 8 −2 1 / 8 −9 1 / 8 655 +7 −9 1 / 8 −2 1 / 8 −9 1 / 8 the ... +10 7 / 8 +2 7 / 8 635 −3 +5 7 / 8 +2 7 / 8 640 +2 + 7 / 8 +2 7 / 8 645 +7 −4 1 / 8 +2 7 / 8 6 47 7 / 8 +7 70 650 +7 −9 1 /...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_9 ppt
... − 1 / 4 +2 3 / 8 c 17 JWBK1 47- Smith May 8, 2008 10: 17 Char Count= 218 OPTION STRATEGIES TABLE 17. 5 Long Butterfly Results and Short Call Results Price Long butterfly Short call 515 − 1 / 4 +7 1 / 2 520 − 1 / 4 +7 1 / 2 525 ... moves sharply in one direction or another and c 17 JWBK1 47- Smith May 8, 2008 10: 17 Char Count= Butterfly Spreads 221 TABLE 17. 9 Long Butterfly Results...
Ngày tải lên: 22/06/2014, 17:20
Learning Techniques for Stock and Commodity Options_10 doc
... blending of ratio spreads and calendar spreads. It consists of selling nearby options and buying fewer of a far- ther option. For example, you could sell 4 of the July 40 calls and buy 2 of the October ... net credit For example, suppose you initiated a long straddle using options on Textron for December expiration. Textron is trading at 59 3 / 4 , so you buy the 60 call and...
Ngày tải lên: 22/06/2014, 17:20