'Short position' diaporamas de présentation

FINC4101 Investment Analysis

FINC4101 Investment Analysis. Instructor: Dr. Leng Ling Topic: Introduction to options. Learning objectives. Define call and put options. Understand the various features of options: exercise price, option premium, option exercise, American vs. European.

1.15k views • 95 slides

Risk-Neutral Valuation and the Binomial Model

Risk-Neutral Valuation and the Binomial Model. Chapter 11 Sorta. Objectives This segment introduces option pricing in a very simple setting. It has three key objectives: To describe the pricing of options by replication .

1.4k views • 80 slides

Options and Futures: Risk Management

1.06k views • 77 slides

Chapter 15

Chapter 15. Other Derivative Assets. Outline. Futures options Pricing futures options Warrants Other derivative assets. Futures Options. Characteristics Speculating with futures options Spreading with futures options Basis risk with spreads Hedging with futures options

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Monieness and Options

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Chapter 13. Financial Derivatives

Chapter 13. Financial Derivatives. Futures contracts Options contracts Swaps. About derivatives. assets that derive value from an underlying asset futures options swaps. I. Futures contracts. contract for a trade in the future, specify terms today asset to be traded = underlying

752 views • 45 slides

Hedge Fund Investment Strategies

Hedge Fund Investment Strategies. Hedge Fund Investment Strategies.

950 views • 40 slides

Topic Seven Hedging exposures with swaps

Topic Seven Hedging exposures with swaps. How do you convert a floating rate loan to a fixed rate loan, or a US dollar exposure to an Australian dollar exposure?. Topic Seven Sub-Topics. Converting a floating interest rate to a fixed rate Adjusting the duration of a bond portfolio

488 views • 39 slides

Ch 7 Capital asset pricing model and arbitrage pricing model

Ch 7 Capital asset pricing model and arbitrage pricing model. Capital Asset Pricing Model (CAPM). Equilibrium model that underlies all modern financial theory Derived using principles of diversification with simplified assumptions

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Who are these guys? CantorCO2e Litigation Sound and Fury signifying?

California Offsets Workshop Current State of the California Carbon Market June 21, 2011 Josh Margolis jmargolis@cantorco2e.com 415-296-9359. Agenda. Who are these guys? CantorCO2e Litigation Sound and Fury signifying? Market mechanics what, when, how Market size $3 - $128 billion

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Futures Marketing Section II Mechanics of Futures Trading

Futures Marketing Section II Mechanics of Futures Trading. Price Discovery. Buyers and sellers interacting with information to arrive at a price through negotiation. Futures Market Price. A source of what buyers and sellers think a commodities worth, at some point in the future, today. .

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September 17 th 2012

Common Cents Investment Group. September 17 th 2012. Agenda. Membership Investopedia Stock Ownership Dollar Cost Averaging Funds Choosing the right broker. Membership. $20. Cost is only $20 for the whole year! Benefits:

306 views • 21 slides

Chapter 1 Web Extension 1B

Chapter 1 Web Extension 1B. A Closer Look at the Stock Markets. Topics in Web Extension. Stock indexes Regulation Overview of investment banking Stock trading. Stock Indexes. Stock indexes try to measure some aspect of the market The differ with respect to:

299 views • 20 slides

HOW CASH PRICE AND BASIS AFFECT HEDGING OUTCOMES

HOW CASH PRICE AND BASIS AFFECT HEDGING OUTCOMES. Larry D. Makus and Paul E. Patterson. University of Idaho Department of Agricultural Economics & Rural Sociology. THE HEDGING CONCEPT.

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Trading Agents in the Smart Electricity Grid

Trading Agents in the Smart Electricity Grid. Perukrishnen Vytelingum, Sarvapali D. Ramchurn , Thomas D. Voice, Alex Rogers and Nicholas R. Jennings University of Southampton. Background: The Wholesale Electricity Market. Two-stage mechanism typical in the wholesale electricity market:

282 views • 17 slides

Exam FM/2 Review Intro to derivatives & options

Exam FM/2 Review Intro to derivatives & options. Basic derivatives. Derivatives are products with value derived from underlying assets Ask price- Market maker asks for this price, so you can buy here Bid price- Market maker bids this price, so you can sell here

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Hedging

Hedging. Hedge: engage in a financial transaction that reduces or eliminates risk Basic hedging principle: Hedging risk involves engaging in a financial transaction that offsets a long position by taking a short position, or offsets a short position by taking a additional long position.

1.08k views • 11 slides

8.3 Perpetual American Put

8.3 Perpetual American Put. Stochastic Calculus for Finance II : Continuous-Time Models Steven E. Shreve Presented by Cai Yu-Hong(994208019) 2012/1/5. Perpetual American Put. Underlying Assets. The underlying asset in most of this chapter has the price process S(t) given by

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Chapter 1 Web Extension 1A

Chapter 1 Web Extension 1A. An Overview of Derivatives. Topics in Web Extension. Overview of derivatives Forward contracts Futures contracts Options Swaps. Forward Contracts. 2 parties to contract, each with a basic position:

212 views • 8 slides