Options hay quyền chọn là một lĩnh vực khá phức tạp trong giao dịch ngoại hối. Options đúng như tên gọi của nó cho người mua quyền nhưng không phải nghĩa vụ mua hay bán một loại tiền tệ. Options cung cấp cho nhà đầu tư một sự linh hoạt chưa từng có trong giao dịch. Hãy cùng tìm hiểu xem bạn đã bỏ lỡ điều gì nếu chỉ đơn thuần là mua bán các cặp ngoại tệ như trước đây.
Money should make you happy. At least, it should if you're spending it right.
That's the argument put forth by University of B.C. psychology professor
Elizabeth Dunn. In a paper co-authored by two world-renowned experts on
happiness, Daniel Gilbert of Harvard University and Timothy Wilson of the
University of Virginia, Dunn argues that most people are terrible at
predicting what will make them happy, leading them to routinely spend
money on all the wrong things.
Upon receipt of an exercise notice, OCC will then assign this exercise notice to one or
more Clearing Members with short positions in the same series in accordance with its
established procedures. The Clearing Member will, in turn, assign one or more of its
customers (either randomly or on a first in first out basis) who hold short positions in
that series. The assigned Clearing Member will then be obligated to sell (in the case of
a call) or buy (in the case of a put) the underlying shares of stock at the specified strike
Historically, children typically attended the school closest to their home (`neighbor-
hood school'). Today, in some US school districts, children can enroll in a school
choice program, attending a `magnet school' instead of the closest neighborhood
school. We aim to explore interactions between school choice and school commute
mode, especially walking and cycling.
If the holder of an option decides to exercise his right to buy (in the case of a call) or
to sell (in the case of a put) the underlying shares of stock, the holder must direct his
broker to submit an exercise notice to OCC. ln order to ensure that an option is
exercised on a particular day, the holder must notify his broker before the broker's
cutoff time for accepting exercise instructions on that day. Different firms may have
different cutoff times for accepting exercise instructions from customers, and those
cutoff times may be different for different classes of options....
Chapter 8 Financial Options and Their Valuation
8-1 a. An option is a contract which gives its holder the right to buy or sell an asset at some predetermined price within a specified period of time. A call option allows the holder to buy the asset, while a put option allows the holder to sell the asset.
I) Early life and education.
Steve Jobs was born February 24,1955, in San Francisco, California, his unwed mother decided to put him for adoption because she wanted a girl. So he was reared by Paul Jobs- a lawyer.As time go on, he went to college but decided to drop out because it was too expensive. Recalling his time there he said: “I didn’t have a dorm room, so I slept on the floor in friends’ rooms, I returned coke bottles for the 5$ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get...
The purpose of this booklet is to provide an introduction to
some of the basic equity option strategies available to option
and/or stock investors. Exchange-traded options have
many benefits including flexibility, leverage, limited risk for
buyers employing these strategies, and contract performance
guaranteed by The Options Clearing Corporation (OCC).
Options allow you to participate in price movements without
committing the large amount of funds needed to buy
Option trading is one of the greatest games on earth! You can be a two-dollar investor, betting on the action of stocks, the markets, futures and/or commodities, or you can be the casino or a legalized bookie, taking the bets instead of making the bets. You pick the role and have the fun and profit. With options, gains of over 1000% are not unusual, and you can design strategies that will win up to 90% of the time.
Strategy: Buy lower strike option, sell 2 higher strike options, and buy a higher strike option with the same expiration date (all calls or all puts). Market Opportunity: Look for a range-bound market that is expected to stay between the breakeven points. Maximum Risk: Limited to the net debit paid.
THE OPTIONS COURSE
FIGURE C.22 Long
Maximum Proﬁt: Limited. (Difference between strikes – net debit) × 100. Proﬁt exists between breakevens. Upside Breakeven: Highest strike – net debit. Downside Breakeven: Lowest strike + net debit.
Ihave no idea where you are as you read this. You might be sitting in front of your
computer, lounging on a beach in Martinique, or curled up under the covers with
a flashlight. But there’s a chance you’re standing in a bookstore with a clerk behind
you asking if you need any help. If so, you’re at what we in the book biz like to call
the “point of purchase” (POP). From my perspective, the POP is a dangerous place,
fraught with ambiguities and temptations.
Option trading is one of the greatest games on earth! You
can be a two-dollar investor, betting on the action of stocks, the
markets, futures and/or commodities, or you can be the casino or
a legalized bookie, taking the bets instead of making the bets.
You pick the role and have the fun and profit. With options, gains
of over 1000% are not unusual, and you can design strategies
that will win up to 90% of the time.
Now, just having a reactive mindset is not, in itself, a bad thing. For instance, if we don’t react immediately to
putting our hand on a stove burner that has been turned on, we are going to get burnt! We use this reactive
mindset in many areas of life. A machine breaks down so we buy a new machine. Or sales drop so we launch a
new ad campaign. This is called event-driven behavior, which in itself is not a bad thing.
A summary of the different styles of hedge funds and
the proportion of the market they occupy is shown in Table
4, based on Hedge Fund Industry Research data. An
indication of the broad activity involved in the style is
shown on the right hand side. Most of these strategies are
long-short in nature: all of the equity hedge (e.g. long a
stock and long a put to hedge its fall); most of event driven
(e.g. buy the target M&A company and sell the buyer); all of
relative value arbitrage (e.g. buy the London listing and sell
A stock option is a contract which conveys to its holder the right, but not the
obligation, to buy or sell shares of the underlying security at a specified price on or
before a given date. This right is granted by the seller of the option.
There are two types of options, calls and puts. A call option gives its holder the right to
buy an underlying security, whereas a put option conveys the right to sell an
underlying security. For example, an American-style XYZ Corp. May 60 call entitles
the buyer to purchase 100 shares of XYZ Corp. common stock at $60 per share at...
The strike price, or exercise price, of an option is the specified share price at which the
shares of stock can be bought or sold by the holder, or buyer, of the option contract if
he exercises his right against a writer, or seller, of the option. To exercise your option
is to exercise your right to buy (in the case of a call) or sell (in the case of a put) the
underlying shares at the specified strike price of the option.
The strike price for an option is initially set at a price which is reasonably close to the
current share price of...
If you buy a cup of coffee every day for $1.00 (an awfully good price
for a decent cup of coffee, nowadays), that adds up to $365.00 a year.
If you saved that $365.00 for just one year, and put it into a savings
account or investment that earns 5% a year, it would grow to $465.84
by the end of 5 years, and by the end of 30 years, to $1,577.50.
That’s the power of “compounding.” With compound interest, you
earn interest on the money you save and on the interest that money
earns. Over time, even a small...
Option buyers pay a price for the right to buy or sell the underlying security. This price
is called the option premium. The premium is paid to the writer, or seller, of the
option. In return, the writer of a call option is obligated to deliver the underlying
security (in return for the strike price per share) to an option buyer if the call is
exercised and, likewise, the writer of a put option is obligated to take delivery of the
underlying security (at a cost of the strike price per share) from an option buyer if the
put is exercised. Whether or not an option...
A put option contract gives its holder the right to sell a specified number of shares of
the underlying stock at the given strike price on or before the expiration date of the
I. Buying puts to participate in downward price movements.
Put options may provide a more attractive method than shorting stock for profiting on
stock price declines, in that, with purchased puts, you have a known and
predetermined risk. The most you can lose is the cost of the option. If you short stock,
the potential loss, in the event of a price upturn, is unlimited.