期权期货及其他第一章.pptVIP

　 案例：烟台万华股改中的期权 Questions： 1、请画出认购权证的收益图； 2、请画出认沽权证的收益图 3、如果股权登记日你手中有10手正股，请求出股改中你的收益。 * 　交易者类型 Hedgers Speculators Arbitrageurs * * * * * * * * * * * * 14 * 15 * * * * * * * * * * * * * * * * Chapter 1 Introduction * 　 衍生金融工具的定义 A derivative is an instrument whose value depends on the values of other more basic underlying variables * 　 衍生金融工具的种类 Forward Contracts Futures Contracts Swaps Options * 　 衍生金融工具的交易市场 Exchange traded Traditionally exchanges have used the open-outcry system, but increasingly they are switching to electronic trading Contracts are standard，there is virtuall