CHAPTER13OptionsonFutures-JohnWileySons.ppt

Chapter 13 CHAPTER 13Options on Futures In this chapter, we discuss option on futures contracts. This chapter is organized into: Characteristics of Options on Physicals and Options on Futures. The Market for Options on Futures Pricing of Options on Futures Price Relationship Between Options on Physicals and Options on Futures Put-Call Parity for Options on Futures Options on Futures and Synthetic Futures Risk Management with Options on Futures Characteristics of Options on Physicals and Options Futures Recall from Chapter 12 that options are written for a pre-specifie