tai文档新wan财务管理_lecture24(ch24).pptVIP

Topics Covered Calls and Puts What Determines Option Values Spotting the Option Option Terminology Put Option Right to sell an asset at a specified exercise price on or before the exercise date. Option Obligations Option Value The value of an option at expiration is a function of the stock price and the exercise price. Example - Option values given a exercise price of $30 Option Value Option Value Option Value Option Value Option Value Protective Put - Long stock and long put Option Value Protective Put - Long stock and long put Option Value Protective Put - Long stock and long put Option