投资学英文课件Chap021.pptVIP

CHAPTER 21;Intrinsic value - profit that could be made if the option was immediately exercised Call: stock price - exercise price Put: exercise price - stock price Time value - the difference between the option price and the intrinsic value;Figure 21.1 Call Option Value before Expiration ;Table 21.1 Determinants of Call Option Values;Restrictions on Option Value: Call;Figure 21.2 Range of Possible Call Option Values;Figure 21.3 Call Option Value as a Function of the Current Stock Price ;Early Exercise: Calls;Early Exercise: Puts;Figure 21.4 Put Option Values as a Function of the Current Sto