公司理财的基本概念(英文版)(ppt 67页).pptVIP

Protective Put Strategy Profits Buy a put with exercise price of $50 for $10 Buy the stock at $40 $40 Protective Put strategy has downside protection and upside potential $40 $0 -$40 $50 Value at expiry Value of stock at expiry Covered Call Strategy Sell a call with exercise price of $50 for $10 Buy the stock at $40 $40 Covered call $40 $0 -$40 $10 -$30 $30 $50 Value of stock at expiry Value at expiry Long Straddle: Buy a Call and a Put Buy a put with an exercise price of $50 for $10 $40 A Long Straddle only makes money if the stock price moves $20 away from $50. $40 $0 -$20 $50 Buy a call wi