PROFIT WITH OPTIONS CHAPTER 5 ppt

... index? a. 45. b. 75. 163 5 PROTECTING A STOCK PORTFOLIO L EARNING O BJECTIVES The material in this chapter helps you to: • Decide when to use index options as portfolio protection rather than put options ... Index options normally trade with implied volatilities that are much less than those of individual stock options. Yet, it was stated that equity options may be cheaper in...

Ngày tải lên: 03/07/2014, 19:20

... 4,228 3/ 25 −3,047 3/27 11,928 4/10 928 4/17 −872 4/28 −3,272 5/ 14 1, 753 5/ 20 −2 ,52 2 5/ 21 1,778 5/ 22 1, 353 5/ 23 −2 ,52 2 5/ 27 −2 ,52 2 5/ 28 54 7 5/ 29 2 ,52 3 5/ 30 −2 ,52 2 6/4 52 5 6 /5 1,728 6/6 8,228 6/24 7 ,52 8 7/2 ... not 1 35 3/20/96 55 3 3/27 −3,600 4/2 −600 4/3 − 250 4/18 55 0 4/24 2 ,50 0 4/ 25 −1,697 4/30 200 5/ 1 − 850 5/ 2 5, 328 5/ 24 −1,097 6/6 4...

Ngày tải lên: 03/07/2014, 19:20

... 7 .5 or 37 .5 or 67 .5 V = 12 .5 or 42 .5 or 72 .5 W = 17 .5 or 47 .5 or 77 .5 X = 22 .5 or 52 .5 or 82 .5 Y = 27 .5 or 57 .5 or 87 .5 Z = 32 .5 or 62 .5 or 92 .5 A = 5 B = 10 C = 15 D = 20 E = 25 F = 30 G = 35 H ... 92 .5 A = 5 B = 10 C = 15 D = 20 E = 25 F = 30 G = 35 H = 40 I = 45 J = 50 K = 55 L = 60 M = 65 N = 70 O = 75 P = 80 Q = 85 R = 90 S = 95...

Ngày tải lên: 03/07/2014, 19:20

... stock where options are normally quite active, then you are going to have extraneous volume Figure 2.7 Motorola. 56 .000 52 .8 75 51. 750 52 .6 25 9408 05 55. 000 54 .000 53 .000 52 .000 51 .000 50 .000 49.000 48.000 47.000 46.000 45. 000 44.000 43.000 42.000 41.000 40.000 3400 MOT REVIEW ... Paperboard. 56 .000 51 . 250 50 .8 75 51.000 951 109 54 .000 52 .000 50 .000 48....

Ngày tải lên: 03/07/2014, 19:20

... bullish Figure 3.3 IBM. 1 05. 000 69.1 25 67.3 75 69.1 25 9410 05 101.000 97.000 93.000 89.000 85. 000 81.000 77.000 73.000 69.000 65. 000 61.000 57 .000 53 .000 49.000 45. 000 41.000 24.96 IBM 82 OPTIONS AS CONTRARY ... Put/Call Ratio 1 05 Figure 3.8 21-day equity only put-call ratio. 55 50 45 40 35 JDFM 1997 1998 JASMJAONDJ S B B B s b b B S S Ratio 49.000 45. 830 45. 41...

Ngày tải lên: 03/07/2014, 19:20

... Implied Strike Implied 700 12.2 600 23.9 7 25 13.9 610 21.7 750 15. 1 620 19.4 7 75 16 .5 6 25 17.1 800 17.7 630 14.9 8 25 19.7 6 35 13.6 850 20.9 640 11.7 900 24.1 6 45 11.3 Forward skew Reverse skew Note: ... familiar with mathematics, these changes are really the par- tial derivatives of the option model with respect to each of the Stock Price Option Price Delta 50 5 0 .50...

Ngày tải lên: 03/07/2014, 19:20

... general, a 15% chance of not ever Figure 7.7 $OEX options written naked. 51 .000 45. 430 44.920 45. 390 980114 49.000 47.000 45. 000 43.000 41.000 39.000 37.000 35. 000 33.000 31.000 29.000 27.000 25. 000 23.000 21.000 19.000 JFM 1997 ... you buy a straddle? a. Greater than 80%. b. About 50 %. Stock Options Price Delta XYZ: 51 . 25 July 50 call: 6.00 0.60 July 50 put: 4 .50 −0.4...

Ngày tải lên: 03/07/2014, 19:20

... JavaScript that should be executed when that event is triggered. Example 5- 5 shows some basic button activation events. Example 5- 5. Basic event handler attributes <window onload="dump('this ... comes in handy. Example 5- 8 demonstrates how event bubbling can be arrested very simply. When the XUL document in Example 5- 8 loads, an event listener is registered wit...

Ngày tải lên: 14/12/2013, 12:15

...  Chapter 1: Introduction  Chapter 2: Modules and hierarchical structure  Chapter 3: Fundamental concepts  Chapter 4: Structural modeling (Gate & Switch-level modeling)  Chapter 5: ... Dataflow modeling (Expression)  Chapter 6: Behavioral modeling  Chapter 7: Tasks and Functions  Chapter 8: State machines  Chapter 9: Testbench and verification  Chapt...

Ngày tải lên: 16/03/2014, 15:20

... dereference the array within the list with: When invoked with no arguments, this method returns the current value of the identifier used in the User-Agent HTTP header. If invoked with an argument, ... in LWP: File, Font, HTML, HTTP, LWP, MIME, URI, and WWW. Figure 5- 1 sketches out the top-level hierarchy within LWP. Figure 5- 1. The top-level LWP hierarchy  The File module p...

Ngày tải lên: 24/10/2013, 08:15