Abstract

Become the use of financial engineering tools and options contracts

more contemporary topic in the field of financial management, there
has been handled explosive growth during the last quarter of the
twentieth century as a result of economic developments across the
world, opening world markets and increased competition. This
development coincided with the uncertainty of what will be the price of
the present in the future and that leads to incur losses and exposure to
risk any risk of market prices if prices moved other than what is desirable
.or expected
On the basis of that came this study provides a framework of
knowledge and application of the nature and how to employ options
contracts to hedge against price fluctuations present and future, and
then get rid of the resulting losses and reduce the risk of price
fluctuations, respectively, as well as its importance in the areas of
speculation by investing little money for trading in financial market for
.the purpose of making profits due to price fluctuations
Based on the foregoing the importance of the study through the
adoption of mathematical models and applied advanced, have wide uses
in the field of options in the global financial markets efficient, and to try
.out in the Iraqi capital market, in an environment of Iraqi private banks
The study came out a set of the most important conclusions, the
possibility of the application of advanced mathematical models such as
mechanisms for the application of financial options in an environment of
Iraqi private banks. And stock price is in the banks examined, the basis in
determining and building a portfolio hedge and build adoption
theoretical fair value of the options for a period of one, and the
theoretical fair value of the options for two terms. As well as the
possibility of applying a speculative strategy in the surveyed banks to
adopt capital and stock prices, and that was mentioned by the banks to
sell contracts to be exactly the same as their capital, priced contracts
.homogeneous of all these banks
Based on these conclusions built a set of recommendations including:
unnecessary application of these models to industrial companies and
private agricultural for the purpose of its use for the purposes of hedging
and speculative investment opportunities financial lucrative, because of
the crisis interest factors rising stock prices current form in which
exceeds the execution price because of its significant role in the
implementation of the options and make a profit, as well as expanding
the application of strategy speculative manner that exceed capital and
stock prices, to include other sections of the budget, because of their
importance in seizing lucrative investment opportunities, and take
advantage of the theoretical concepts and applied and the resulting
conclusions by banks examined, with a view to upgrading and
.advancement
 Employment Options Strategies For Hedging
and Speculative Purposes - Prospective Study
Of a Sample Of The Iraqi Private Banks

A Thesis Submitted to
Council of Economy & Administration College University of
Kufa as a Partial Fulfillment of M.A Degree Requirements
of Business Administration Science

by
Ali Abboodi Neamah AL geboorae

Supervised by
Dr. JALEEL KADHUMM.AL- ARIDHY

2012 A.C 1433 A.H