期权管理知识讲解英文版.pptxVIP

Reading;;Futures contracts are contracts which cost nothing to enter. This is because if you are in the long position you gain when the spot price of the underlying asset, S, rises, you also lose when the price goes down (and vice versa with the short position). An option is similar in many ways to a futures contract in that you have the right to buy (or sell) at a certain price in the future (this time it is called the exercise price). However, the principal difference is that you don’t have the obligation to buy at this price – you have the option as whether or not you choose to buy (or sell) at this price. Clearly you will have to pay some premium for this privilege. How much? ;Why options?;Options: definitions;Options: Types;Options: Example;Options: example;Options: example;Options: leverage;Payoff from a call option;Payoff from a put option;Profit diagrams;Writing (or selling) options;Payoff when writing options;Payoffs from writing options;Profit from writing options;Option principles;Options: details;Options more terminology;Option trading strategies;The protective put: definition;Protective put: results;Vertical call spread: definition;Vertical call spread payoff;95-100 Vertical spread payoff;Butterfly spread: definition;Butterfly spreads payoffs;Butterfly spread payoff;Straddle: definition;Straddle payoff;Straddle payoff: graph;Option pricing;Put-Call parity;Put-call parity: cash flows;Put-call parity;Put call parity: arbitrage;Put call parity: arbitrage;Put-call parity: result;Put-call parity: example;Put-call parity:American options;Put-call parity: American options;Put-call parity: dividends;Option pricing: Black-Scholes;Option pricing: Black-Scholes;9、有时候读书是一种巧妙地避开思考的方法。2月-212月-21Tuesday, February 2, 2021 10、阅读一切好书如同和过去最杰出的人谈话。01:39:5901:39:5901:392/2/2021 1:39:59 AM 11、越是没有本领的就越加自命不凡。2月-2101:39:5901:39Feb-2102-Feb-21 12、越是无能的人，越喜欢挑剔别人的错儿。01:39:5901:39:5901:39Tuesday, February 2, 2021 13、知人者智，自知者明。胜人者有力，自胜者强。2月-212月-2101:39:5901:39:59February 2, 2021 1