aisc design guide 15 - errata - aisc rehabilitation and retrofit guide

... components. The first of these is the amount equal to the difference between the strike price and the price of the underlying, and it is termed the intrinsic value. The second component is the time ... consider the profit/loss position of the investor who sells the XYZ put. After all, you may decide that the put sale is the best strategy to pursue. Becaus...

Ngày tải lên: 20/06/2014, 20:20

... options theory takes a back seat. I went to the floor and wedged my way into the crowd, and I waited, knowing that I was covered. The bell sounded and the shouting began, and after a few brief stops ... money, then the long is credited with one tick times the contract multiplier, and the short is debited one tick times the contract multiplier. The multiplie...

Ngày tải lên: 20/06/2014, 20:20

... know about theory.) Then together we devised trade recommendations which the brokers passed on to their clients. The clients did well. One of them took one of our recommendations and bought ... If the underlying suddenly moves to the short strike that was formerly furthest out-of -the- money, the first solution is to buy back that strike. The second solution is to bu...

Ngày tải lên: 20/06/2014, 20:20

... 5. The profit on the long 95–100 call spread pairs off against the loss on the short 100–105 call spread. The butterfly is then worth- less, and the cost of the butterfly is taken as a loss. There ... with the butterfly There are other risks with the butterfly. The first is pin risk, which is unlikely, but possible. The two short strikes may expire at -the- money. It...

Ngày tải lên: 20/06/2014, 20:20

... months, and during this time they are exposed to risk. In order to cover their risk, the market-makers need to widen their bid–ask spreads. Under these circumstances, to ask the market-makers to ... wildly, then the options market-makers cannot hedge. In order to cover their risk, they need to widen their markets to correspond to the wide range of the underlyin...

Ngày tải lên: 20/06/2014, 20:20

... on the other hand, you sell the call at 34.40 and pay 33.70 for the put, then you have sold the synthetic future at 1140.70. Here, you have the obligation to sell the future above 1140, and the ... Futures, synthetics and put–call parity 223 On the other hand, the holder of the long futures position forgoes the dividends payable for the next six weeks, and...

Ngày tải lên: 20/06/2014, 20:20

... more to be said about options in terms of theory and in terms of trading. The Financial Times Guide to Options, and its pre- cursor, Options Plain and Simple, are intended to be a practical guide ... trade them close to expiration in order to clear options off our books and to avoid pin risk. But then again, the arbs try to pay 19.75 for the above box,...

Ngày tải lên: 20/06/2014, 20:20

... Given the following May options on Marks and Spencer, determine the price of the synthetic futures contract and the prices of the missing options. Bear in mind that these are settlements and ... of the following statements true or false? (a) If the implied volatility increases, then the delta and theta of the January 47.50 put will also increase. (b) If the impl...

Ngày tải lên: 20/06/2014, 20:20

... for a specified time period. The put buyer has the right, but not the obligation, to sell the underlying. The put seller has the obligation to buy the underlying at the put buyer’s discretion. Put ... out-of -the- money call plus an out-of -the- money put, both either long or short. Strike price The price of the underlying that forms the basis of an options contra...

Ngày tải lên: 20/06/2014, 20:20

... form than Eq. 5 -2 1 . (5 -2 7 ) in which are as previously defined. For non- composite tees without reinforcement, Eq. 5 -2 7 takes a sim- pler form. (5 -2 8 ) Equations 5 -2 7 and 5 -2 8 are identical with those ... are illustrated in Fig. 5 .2. Figures 5 .2( a) and 5 .2( b) illus- trate steel beams, while Figs. 5 .2( c) and 5 .2( d) illustrate com- pbsite beams with...

Ngày tải lên: 24/10/2014, 17:01

... Steel Design Guide Series Steel and Composite Beams with Web Openings Steel Design Guide Series Steel and Composite Beams with Web Openings Design of Steel and Composite Beams with Web Openings David ... with unreinforced openings, steel beams with reinforced openings, composite beams with unreinforced openings, and co...

Ngày tải lên: 24/10/2014, 17:01

... 15 Steel Design Guide Series AISC Rehabilitation and Retrofit Guide A Reference for Historic Shapes and Specifications cover D 815. qxd 3/11/2002 2:00 PM Page 1 15 Steel Design Guide Series AISC ... Steel, Black and Hot-Dipped, Zinc-Coated, Welded and Seamless; ã A500 Cold-Formed Welded and Seamless Carbon Steel Structural Tubing in Rounds and Shapes; a...

Ngày tải lên: 24/10/2014, 17:04

... Revision and Errata List, March 1, 2003 AISC Design Guide 15: AISC Rehabilitation and Retrofit Guide – A Reference for Historic Shapes and Specifications The following ... Dimensions and Primary Properties Steel Sections 197 1-2 000 Web ThicknessDepth Flange ThicknessWidth Flange 22 Rev. . 5/1/02 E RRATA / DESIGN GUIDE NO. 15: AISC REHABILITATION AND R...

Ngày tải lên: 24/10/2014, 17:04

... 3-2 through 3-5 for the flush end-plate connections and Ta- bles 4-2 through 4-6 for the extended end-plate connec- tions. The design steps are: 1.) Determine the required plate thickness, ( 2-9 ) Note: ... Revision and Errata List, March 1, 2003 AISC Design Guide 16: Flush and Extended Multiple-Row Moment End-Plate Connections The following edit...

Ngày tải lên: 24/10/2014, 17:04

... 3-2 through 3-5 for the flush end-plate connections and Ta- bles 4-2 through 4-6 for the extended end-plate connec- tions. The design steps are: 1.) Determine the required plate thickness, ( 2-9 ) Note: ... Revision and Errata List, March 1, 2003 AISC Design Guide 16: Flush and Extended Multiple-Row Moment End-Plate Connections The following editoria...

Ngày tải lên: 24/10/2014, 17:04