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