Working Guide to Process Equipment 2nd Ed

Ngày tải lên: 08/06/2015, 17:26

Ngày tải lên: 11/03/2014, 23:26

... has the use of the cash that he would otherwise use to purchase the stock The cost of a call is therefore increased by the cost of carry on the stock via the strike price of the option, until the ... 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 intrinsi...

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 the ... in the 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...

Ngày tải lên: 20/06/2014, 20:20

... calls, and if XYZ rallies to 115, then the solution is to buy one 125 call Likewise, if the spread is long one 95 put and short two 85 puts, and if XYZ breaks to 85, then the solution is to buy ... move to the short strike, with no sign of a retracement, the spread becomes subject to the delta and vega risk of the extra short option It is then advisable to...

Ngày tải lên: 20/06/2014, 20:20

... would rather trade the above spread because the out-of -the- money call and put are usually more liquid than either the corresponding in -the- money put and call of the straight butterfly In other words ... worth 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 worthless, and the cost of the...

Ngày tải lên: 20/06/2014, 20:20

... 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 tighten their spreads is to ask them to put their jobs ... hedge the positions that retail customers want them to assume They may be forced to carry the positions in their inventory for periods of weeks or months, and during this...

Ngày tải lên: 20/06/2014, 20:20

... dividends The futures contract simply expires to the current cash value of the index There, the holder of the long futures contract pays the cash value of all the stocks in the index The holder of the ... 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...

Ngày tải lên: 20/06/2014, 20:20

... books and to avoid pin risk But then again, between market-makers the arbs try to pay 19.75 for the above box, and they try to sell it at 20.25 They often this by trading the components quickly and ... will then trade with confidence There is obviously much more to be said about options in terms of theory and in terms of trading The Financial Times Guide to Opt...

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 that there ... at 16.00, and 14.50 is paid for the put (c) If the return on a sale of the stock is 0.50 per cent, then no more than £0.40 must be paid for the synthetic over the...

Ngày tải lên: 20/06/2014, 20:20

... awareness about stock manipulators The Big Con (2000) by David W Maurer, Arrow/Random House Written in the 1930s Anyone involved in the Bernie Madoff scandal could read this and weep The rest of you ... about trading The Gambler by F.M Dostoyevsky (various editions) To know the difference between trading and gambling Reminiscences of a Stock Operator (2004) by William J.O’Ne...

Ngày tải lên: 20/06/2014, 20:20

... association process is the ability to say “I can it” to any client request This allows the investigator to Basic Private Investigation subcontract work to another investigator and still receive ... differences between private and public sector investigations In the public sector there is normally a formalized rank reporting structure, with the role of the investigator de...

Ngày tải lên: 21/06/2014, 03:20