投资学第9章_期权投资理论教材教学课件.ppt

现代投资学理论发展脉络;第9章 期权投资理论; 本章结构、框架;9.1 期权及其到期价值; 期权的基本逻辑;Buy - Long ：期权合约的购买者或Holder Sell – Short：期权合约的出售者或Writer Call option：看涨期权或买方期权，即期权出售 者给予期权持有者在将来确定的时间内以执行价格购买标的资产的权利 Put option：看跌期权或卖方方期权，即期权出售者给予期权持有者在将来确定的时间内以执行价格出售标的资产的权利 期权自身四种基本组合： Buy Call Buy Put Sell（ Write）Call Sell（ Write）Put ;In the Money（实值期权）： exercise of the option would be profitable. Call: market priceexercise price Put: exercise pricemarket price Out of the Money（虚值期权）： exercise of the option would not be profitable. Call: market priceexercise price Put: exercise pricemarket price At the