6-期权及期权交易(1).pptVIP

The Option Market An option market is a place where traders buy or sell the “right” to acquire a future contract. As the name of implies, the buyer of an option has the choice(or opportunity) to buy or sell a future contract. The seller provides the buyer with that opportunity, for example ,the buyer of a “call” option purchases the right （by paying a“premium”）to hold a long position in a future contract at a predetermined price line（the strike price）. Alternatively, the buyer of a “put” option purchases the right to a short future position. An option