90nike5657fv
Niezła papla
Dołączył: 26 Paź 2010
Posty: 821
Przeczytał: 0 tematów
Ostrzeżeń: 0/5
Skąd: England
|
 Wysłany: Śro 22:22, 06 Kwi 2011 Temat postu: mbt zapatos Why Trade Options _1819 |
|
|
Why Trade Options
(1 ) option is an effective risk management tools. The subject of the futures contract for options , derivatives can be said derivatives . Therefore, both options can be used to hedge the spot can also be carried out for the futures hedge . By buying options or futures to hedge for the spot , will not face the risk of margin calls . By selling options, can reduce or increase the cost of parts of income positions . And different strike prices and different expiration date of the integrated use of options , so that preferences for different hedging hedging strategies to provide tailored as possible.
(2) options to provide investors with more investment opportunities and investment strategies. Futures Exchange , the only direction the price changes occur , the market only investment opportunities. If the price is less volatile consolidation period , the market for a lack of investment opportunities. Options trading,[link widoczny dla zalogowanych], futures prices in both bull and bear markets or bull market ,[link widoczny dla zalogowanych], investors may think that the opportunity to profit . Exchange can only be based on direction . The option trading strategies can be based on either changes in the direction of futures prices can also be based on trading futures price volatility .
(3) leverage. Options can provide investors with greater leverage. In particular,[link widoczny dla zalogowanych], the imaginary value of the short maturity options . Compared with the futures margin , with less premium can control the same number of contracts. Below the fair value option , for example, a comparison with the futures .
assumptions: ale futures price is 1900 yuan / ton, compared to 5% margin of 95 million; ale option exercise price is 1900 yuan / ton ,[link widoczny dla zalogowanych], volatility of 15% annual interest rate of 1.98% . Call options with different maturity futures margin compared with the theoretical value in Table 1.
More articles related to topics：
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
Post został pochwalony 0 razy
|
|
