Guide to Successful Strategies Financial Times Guides by Jordan Lenny 9 docx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_1 pot

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_1 pot

... 117 .90 118 1 19 120 121 Spread debit –0 .90 Value of spread at expiration 0 0 0.00 0 .90 1.00 2.00 2.00 2.00 Profit/loss –0 .90 –0 .90 –0 .90 0.00 0.10 1.10 1.10 1.10 *Short call spread Neutral to ... SPY June 117–1 19 call spread SPDR 115 116 117 117 .90 118 1 19 120 121 Spread credit 0 .90 Value of spread at expiration 0 0 0.00 0 .90 1.00 2.00 2.00 2.00 Profit/loss 0 .90 0 .90...

Ngày tải lên: 22/06/2014, 18:20

23 235 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_2 ppt

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_2 ppt

... obligated to pay 45 for the stock. Because your spread was traded for a debit of 0. 29 your effective purchase price will be the strike price of the put plus the cost of the spread, or 95 + 0. 29 = 95 . 29. ... of the spread, or 95 + 0. 29 = 95 . 29. No matter how far the stock declines below 95 , you will still be obligated to purchase it for an effective cost of 95 . 29. B...

Ngày tải lên: 22/06/2014, 18:20

23 159 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_3 pdf

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_3 pdf

... butterfly is too limited, it can be extended by shifting the short put spread to the next two lower strikes. If XYZ is at 100, you could buy one 100 put, sell one 95 put, sell one 90 put, and ... long call butterfly in stocks, you may be assigned an unwanted short stock position, and with a long put butterfly in stocks, you may be assigned an unwanted long stock position. In all th...

Ngày tải lên: 22/06/2014, 18:20

23 164 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_4 pptx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_4 pptx

... decline, and in the meantime, to earn income. Have you ever heard of an insurance policy that paid you to be insured? On 19 October 198 7, no amount of calls sold protected stockholders from the enormous ... 0.00 0.77 7.33 9. 83 12.33 Total profit/loss (–full amt) –8.44 –5 .94 –3.44 –0.77 0.00 6.56 9. 06 11.56 A story and a bit of advice With the covered write, it is important not...

Ngày tải lên: 22/06/2014, 18:20

23 180 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_5 pptx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_5 pptx

... 0.56 1.14 0 .94 2.86 2.36 2800 87.60 0.58 0.66 1.20 1.37 3.12 3.56 2850 59. 80 0.47 0. 79 1.17 1 .96 3.18 5.32 290 0 37.70 0.35 0 .93 1.04 2.76 2 .97 7.88 295 0 22.00 0.24 1. 09 0.85 3.86 2. 49 11.32 3000 ... 0.81 0.44 3 .9 2.1 2750 1 49. 40 0.64 0.43 0.84 0.56 4.2 2.8 2800 116.80 0.56 0.48 0.85 0.73 4.5 3 .9 2850 88.10 0.48 0.54 0.83 0 .94 4.5 5.1 290 0 63.80 0.40 0.63 0.76 1. 19...

Ngày tải lên: 22/06/2014, 18:20

23 185 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_6 potx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_6 potx

... implied volatility Put value Put implied volatility 130 1.32 9. 44 3. 29 9.45 132 0. 59 9.54 134 0.34 9. 58 136 0.20 9. 84 138 0.11 9. 98 140 0.07 10.45 142 0.04 10.70 144 0.02 10.76 146 0.01 10.86 Source: ... 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 0.51 1.04 8.26...

Ngày tải lên: 22/06/2014, 18:20

23 157 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_7 doc

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_7 doc

... more than short-term interest rates in order to compensate for the risk of owning stock. This was a holdover from the crash of 192 9, when many stock-holders’ investments were wiped out. The ... positions are used primarily by professional market-makers to simplify the view of their options inventory in order to manage risk better. They are of little practical use to traders w...

Ngày tải lên: 22/06/2014, 18:20

23 199 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_8 pptx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_8 pptx

... 0 P/L 1. 29 0. 79 0. 29 0 –0.21 –0.21 –0.21 (i) 4 (a) 68. 49 (b) 68. 49 (c) 1.51 (d) 68. 49, 1.51, 68. 49 (e) Obligation to buy stock at the strike price minus income from put: 70.00 – 1.51 = 68. 49 (f) ... 0.00 0.00 P/L –13. 49 –8. 49 –3. 49 0 1.51 1.51 1.51 –0.18 2 1.5 1 0.5 0 –0.5 18 18.5 –0.18 –0.18 0.32 0.82 1.32 1.82 19 19. 5 20 20.5 21 Answer 3i Questions and answers...

Ngày tải lên: 22/06/2014, 18:20

23 204 1
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_9 docx

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_9 docx

... £1.56) 4 (a) 91 + 1 .9 = 92 .90 ; 92 90; 90 – 1.80 = 88.20; 8820 (b) 90 .56 × 0.03 = 2.72; 90 .56 – 2.72 = 87.84 (c) Long December 90 –87 put spread (d) 1.8 – 1 = 0.8 (e) 3 – 0.8 = 2.2 = $220; $80; 90 – 0.8 ... market stasis. Questions and answers 275 3 (a) 193 – 154 = 39p; 0. 39 × £1,000 = £ 390 (b) 5400 – 39 = 5361 (c) [5400 – 5300] – 39 = 61 (d) 39 (e) 39 ÷ 61 = 64p at r...

Ngày tải lên: 22/06/2014, 18:20

23 151 0
Guide to Successful Strategies Financial Times Guides by Jordan Lenny_10 doc

Guide to Successful Strategies Financial Times Guides by Jordan Lenny_10 doc

... priced at 1,000 – 3 = 99 7. The market for the box is probably 99 5 – 99 9. (b) Purchase boxes in the FTSE to lend, sell boxes to borrow. (c) 99 7 = (572.5 – 81) – (35.5 + ?) ? = 99 7 – 572.5 + 81 + ... i) 17.5 + 17.5 – 8 – 8 = 19 credit ii) 600 + 19 = 6 19 iii) 500 – 19 = 481 iv) [650 – 600] – 19 = 31 v) [500 – 460] – 19 = 21 vi) 19 vii) 6 19 – 481 = 138 (b) i) 34 + 39. 5...

Ngày tải lên: 22/06/2014, 18:20

23 173 0
w