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  • CNC - At/ Xii-Fs-Pk - 0: Se-9-Tnhd-Kettnldhcncalt-Xe-Hnhd - Tk#-Ieyfyee

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    api-616486329
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    1. The document discusses various types of exotic options such as asset-or-nothing options, chooser options, and calendar spreads. 2. It also covers option strategies like protective puts, covered calls, debit spreads, and butterfly spreads. Common option Greeks like delta and gamma are mentioned. 3. Examples are given of how different option positions involve taking on upside or downside risk, and how strategies like covered calls can be used to generate income without full market exposure.

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    46e8782716cb2f5264d8

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    1. The document discusses various types of exotic options such as asset-or-nothing options, chooser options, and calendar spreads. 2. It also covers option strategies like protective puts, covered calls, debit spreads, and butterfly spreads. Common option Greeks like delta and gamma are mentioned. 3. Examples are given of how different option positions involve taking on upside or downside risk, and how strategies like covered calls can be used to generate income without full market exposure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    227 views4 pages

    CNC - At/ Xii-Fs-Pk - 0: Se-9-Tnhd-Kettnldhcncalt-Xe-Hnhd - Tk#-Ieyfyee

    Uploaded by

    api-616486329
    1. The document discusses various types of exotic options such as asset-or-nothing options, chooser options, and calendar spreads. 2. It also covers option strategies like protective puts, covered calls, debit spreads, and butterfly spreads. Common option Greeks like delta and gamma are mentioned. 3. Examples are given of how different option positions involve taking on upside or downside risk, and how strategies like covered calls can be used to generate income without full market exposure.

    Copyright:

    © All Rights Reserved
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    of 4

    Exotic options -414-54-9*4

    ① Cash
    CNC.at/=Xii-otherwise
    fS-pk--0
    or nothing

    Ñ¥t¥ # BSFÉTYÉ ,☒BEb¥F¥*bcaHK¥±ESt>k☒¥CNlaH=X ,


    call -_ Stk

    se-9-TNHD-ket nldhcncalt-xe-HNHD.tk#-iEYFyE
    F¥*% G-
    '¥kF¥I
    ocnlallt.it#iEyttEilEEEEi-iEYEnNH4Hizk _¥¥NÉF¥it¥É☒XK¥¥
    ② Asset or nothing ANCAIKST if St > K,

    =o
    ,
    otherwise

    Ñ5¥F¥☒B5tÉt¥É,☒BEb¥F¥*b call HEIST


    KAECNlalt-ST.cat/- ST-kF#Hsc--se-9-tNHD-ke-rTNldz)ANCaH-
    >

    soe-9-tnldD.,¥HifK¥
    tk#-iE9EEEF*uFy-I 0ANCa11E
    .EE#ti-iE9EnNldHTi2kE-EEtk--s4EE
    ③ Chooser option §¥¥¥É¥E¥F¥É¥ke¥¥F¥¥F£¥ecall # put
    It
    Wo We

    wt-maxkt.PH put -
    call parity
    =ma×[414-1--4 .dk#-see-9-lT-t--e-r--tl)
    e-9-ttthnax-k-S-fputi zpayoff-E-he-9-t. tl
    =
    4k -1--4-1
    ,

    p(kÑl⑤¥b¥¥F¥¥¥ .PH#iB*q--tk
    ¥s¥¥¥F¥¥F¥_¥Y¥# EBT I :-# 1FHt%i¥bIHTÉD¥#ÉBt !

    BH-g-wo-clkil-e-9-lt-tlplkelot-rkt-tl
    Y-EEEKKHNEH.it/o- 13%-120%
    15min 15min
    •
    20201318,2020/319,2020/3112,2020/3116,202013118

    TET-BE-nitt.EE#E9EkA8E-E-
    •-t¥¥FH¥§EA¥¥1¥B,1¥t¥5¥EEr

    ① ¥¥KÉ¥i¥¥¥¥±¥¥ah÷¥¥¥.by#YEx
    1¥31'¥i¥¥¥¥É¥¥t¥¥¥¥±¥z
    .tt#tEib.HI5I05.ettEgiE
    .¥9¥¥☒R¥¥ - AIG

    ② 1k¥"¥Y¥bDte9iRNE¥¥1¥1¥¥±¥←J3¥1E¥H¥¥¥P¥#ñ¥FÉ¥A¥

    1%-14%-4 FEE
    ③ 5582%8 long put-t-EIFYIIIA.LY#1ongpositionFEkxEb-THREE down side risk
    -

    BE¥s¥abng call _kEiÉ¥I¥¥"¥-short position -1T¥ '¥¥H¥p§¥ up side risk


    -
    ④ long putt long at spot protective put
    =

    longcalltshortatspoti-protectivecaf.FI?EE-
    ① Ñ¥i%short call KEiki-IIIE.EE long position ¥ ¥E b-THEE down side risk
    -

    1¥11 51%-6=7#¥1É¥¥H¥i¥t.tk#Eb*E4EEFtii-taEiE1Y-É¥¥

    ② shore call 1- long at spot covered call


    =
    ¥¥*☒¥ikE*¥EE¥☒1¥É¥É¥ b-
    short putt short at spot covered put
    =

    ③ protective put #ashore futures hit"¥¥¥


    •
    t-%EEh.it#¥-9K
    ④ covered call ¥-0 without hedging E. b-¥⇐¥¥
    •
    tikk-n.it#E1EF-Dt---isEEA.b-☒¥9K
    ⑤ Covered call short put
    =

    5 S
    long spot

    |# short call
    =

    # t

    Shore put

    covered call = long -12 spot + short -5 straddle shore put


    =

    =
    FREE
    ① ¥EE1EÉ¥i¥ÉÉ¥ÉEn debit spread A☒Kt1¥¥¥¥

    ¥EFÉ¥¥¥É¥É.EE#*FEcreditspreadFk-t-t9E%EeIE
    '

    ② Calendar spread butterfly spread


    - .

    t¥¥¥i.tt#D-**EEqExifAke9bh-btt- Ñ¥t¥É¥
    F¥eFiAB¥¥t¥¥k☒ikBk
    obutterflyspreadilong4.short.cz ,
    long ↳

    *"*" "*"¥¥ ¥ ¥¥ñ¥¥¥


    Qi¥¥¥¥k☒É¥*¥¥£É¥¥r¥☒¥¥F¥%.tk#IEZFEwB1B ?
    Ai ¥¥t¥¥F£ É¥*¥☒É¥ ¥#¥¥
    É¥Kit"¥¥ÉE☒¥¥xFg±.IE#5ExK-iEEi---.-sEHt*i-x-t"¥¥É¥¥¥Eñ
    ¥D¥A¥☒P¥¥¥☒¥r¥⇐☒¥B-¥nH= ¥¥☒¥r¥*☒
    FEW '¥ ¥¥¥EFtYiÉ¥¥¥¥¥¥¥FtYÉ¥¥'t ¥-4
    1¥'%¥¥_ ¥¥¥%i¥it¥ ¥1 ,

    3¥45 '¥± ¥¥É¥"F¥¥tt¥¥ ¥kR¥


    '

    EYRE
    ¥☒¥D¥¥ EE'T, ¥¥% ¥É¥¥xx¥
    ¥ ¥¥¥4¥ ¥¥¥ 5¥45 '¥¥x ¥¥¥¥Ex¥

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