Opción CALL

Plazo 30 Delta T 0.02777778

Tasa 3.60% u 1.01680633
Spot 100 d 0.98347145
Volatilidad 10% p 52.58%
Nodos 3 1-p 47.42%
Base 360 Factor descu 0.9990005
Plazos años 0.08333333
STRIKE 100
ARBOL DE PRECIOS
0 1 2 3
100 101.680633 103.389511 105.12711
98.3471454 100 101.680633
96.72161 98.3471454
95.1229425

ARBOL VALOR DE LA OPCIÓN

1.40233799 2.25128719 3.48946137 5.12710964
0.46379193 0.8828726 1.68063304
0 0
0
Opción CALL
Plazo 90 Delta T 0.016666667
Tasa 5.00% u 1.016924552
Spot 3750 d 0.983357121
STRIKE 3750 p 52.06%
Volatilidad 13% 1-p 47.94%
Nodos 15 Factor descuento 0.999167014
Base 360
Plazos años 0.25

ARBOL DE PRECIOS
0 1 2 3 4 5 6
3750 3813.467071 3878.008294 3943.6418487756 4010.386222 4078.260213 4147.282942
3687.589203 3750 3813.4670713085 3878.008294 3943.641849 4010.386222
0 3626.217102 3687.5892034843 3750 3813.467071 3878.008294
0 0 3565.8664095894 3626.217102 3687.589203 3750
0 0 0 3506.520126 3565.86641 3626.217102
0 0 0 0 3448.161536 3506.520126
0 0 0 0 0 3390.7742
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

ARBOL VALORACIÓN OPCIÓN

123.2250198 158.649209 200.6305165 249.07632089983 303.4781297 362.9475663 426.3562178
84.96453414 113.3285378 148.36166116905 190.4228062 239.4151944 294.7096118
54.3056909 75.475583724025 102.9363854 137.5425444 179.7754007
31.407169021848 45.78122023 65.52909074 91.91195419
15.84989813 24.41235472 36.98819518
6.57763899 10.79598496
2.007463763
 7 8 9 10 11 12 13
4217.473849 4288.852706 4361.439618 4435.255031 4510.319737 4586.65488 4664.28196
4078.260213 4147.282942 4217.473849 4288.852706 4361.439618 4435.255031 4510.319737
3943.641849 4010.386222 4078.260213 4147.282942 4217.473849 4288.852706 4361.439618
3813.467071 3878.008294 3943.641849 4010.386222 4078.260213 4147.282942 4217.473849
3687.589203 3750 3813.467071 3878.008294 3943.641849 4010.386222 4078.260213
3565.86641 3626.217102 3687.589203 3750 3813.467071 3878.008294 3943.641849
3448.161536 3506.520126 3565.86641 3626.217102 3687.589203 3750 3813.467071
3334.341955 3390.7742 3448.161536 3506.520126 3565.86641 3626.217102 3687.589203
0 3278.848905 3334.341955 3390.7742 3448.161536 3506.520126 3565.86641
0 0 3224.27942 3278.848905 3334.341955 3390.7742 3448.161536
0 0 0 3170.618127 3224.27942 3278.848905 3334.341955
0 0 0 0 3117.849913 3170.618127 3224.27942
0 0 0 0 0 3065.959914 3117.849913
0 0 0 0 0 0 3014.933514
0 0 0 0 0 0 0
0 0 0 0 0 0 0

492.5635452 560.6640277 630.1428211 700.8475243 772.7989269 846.0181706 920.5267548

355.1888528 419.4551383 486.177052 554.445199 623.9188078 694.6183222 766.5645317
229.5346616 286.0059143 347.7168708 412.8754348 479.9530388 548.2159969 617.6844126
126.0437084 168.599504 219.4780407 277.5518189 340.739403 406.6462327 473.7186435
55.00074518 80.04237017 113.6327112 156.7848637 209.4054528 269.7495127 334.5050078
17.48879732 27.89828028 43.69855578 66.96207536 99.90545182 144.2289679 199.8866433
3.545587545 6.213302846 10.78586128 18.50766409 31.29819115 51.93870495 84.02909002
0.34037358 0.654304519 1.257778007 2.41784287 4.647850502 8.934622906 17.17514073
0 0 0 0 0 0
0 0 0 0 0
0 0 0 0
0 0 0
0 0
0
 14 15
4743.222844 4823.499768
4586.65488 4664.28196
4435.255031 4510.319737
4288.852706 4361.439618
4147.282942 4217.473849
4010.386222 4078.260213
3878.008294 3943.641849
3750 3813.467071
3626.217102 3687.589203
3506.520126 3565.86641
3390.7742 3448.161536
3278.848905 3334.341955
3170.618127 3224.27942
3065.959914 3117.849913
2964.75634 3014.933514
0 2915.414259

996.3465427 1073.499768
839.7785779 914.2819602
688.3787294 760.3197371
541.9764042 611.439618
400.40664 467.473849
263.50992 328.2602132
131.1319927 193.6418488
33.01599433 63.46707131
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0
Opción PUT
Plazo 90 Delta T 0.01666667
Tasa 5.00% u 1.01692455
Spot 3750 d 0.98335712
STRIKE 3750 p 52.06%
Volatilidad 13% 1-p 47.94%
Nodos 15 Factor descu 0.99916701
Base 360
Plazos años 0.25

ARBOL DE PRECIOS
0 1 2 3 4 5 6
3750 3813.46707 3878.00829 3943.64185 4010.38622 4078.26021 4147.28294
3687.5892 3750 3813.46707 3878.00829 3943.64185 4010.38622
0 3626.2171 3687.5892 3750 3813.46707 3878.00829
0 0 3565.86641 3626.2171 3687.5892 3750
0 0 0 3506.52013 3565.86641 3626.2171
0 0 0 0 3448.16154 3506.52013
0 0 0 0 0 3390.7742
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

ARBOL VALORACIÓN OPCION

76.6417717 51.6863565 32.2164817 18.1213487 8.87397977 3.56720049 1.05348165
103.879549 72.9227974 47.5814664 28.1965836 14.653193 6.30359567
137.682848 100.573257 68.7184572 42.9553205 23.7473119
178.227636 135.34619 96.8197347 63.8921598
225.111844 177.425793 132.751298
277.295951 226.256064
333.213469
 7 8 9 10 11 12 13
4217.47385 4288.85271 4361.43962 4435.25503 4510.31974 4586.65488 4664.28196
4078.26021 4147.28294 4217.47385 4288.85271 4361.43962 4435.25503 4510.31974
3943.64185 4010.38622 4078.26021 4147.28294 4217.47385 4288.85271 4361.43962
3813.46707 3878.00829 3943.64185 4010.38622 4078.26021 4147.28294 4217.47385
3687.5892 3750 3813.46707 3878.00829 3943.64185 4010.38622 4078.26021
3565.86641 3626.2171 3687.5892 3750 3813.46707 3878.00829 3943.64185
3448.16154 3506.52013 3565.86641 3626.2171 3687.5892 3750 3813.46707
3334.34196 3390.7742 3448.16154 3506.52013 3565.86641 3626.2171 3687.5892
0 3278.84891 3334.34196 3390.7742 3448.16154 3506.52013 3565.86641
0 0 3224.27942 3278.84891 3334.34196 3390.7742 3448.16154
0 0 0 3170.61813 3224.27942 3278.84891 3334.34196
0 0 0 0 3117.84991 3170.61813 3224.27942
0 0 0 0 0 3065.95991 3117.84991
0 0 0 0 0 0 3014.93351
0 0 0 0 0 0 0
0 0 0 0 0 0 0

0.17284472 0 0 0 0 0 0
2.01178804 0.36087481 0 0 0 0 0
10.9759613 3.80837079 0.75345449 0 0 0 0
37.6597855 18.7798878 7.13298886 1.57310414 0 0 0
92.4946901 58.2310484 31.4624369 13.1840762 3.28441422 0 0
176.705536 129.869856 87.4061493 51.3695823 23.9591907 6.85738249 0
280.4672 227.881855 176.216249 126.698069 81.2297979 42.5754139 14.3172242
391.081567 338.068782 284.393039 230.305224 176.302251 123.35423 73.3411427
449.339773 396.954842 343.633307 289.359274 234.116583 177.888796
507.017377 455.558602 403.178855 349.862509 295.59367
563.78938 513.241391 461.787804 409.41325
619.670897 570.018582 519.475786
674.676795 625.905292
728.821692
 14 15
4743.22284 4823.49977
4586.65488 4664.28196
4435.25503 4510.31974
4288.85271 4361.43962
4147.28294 4217.47385
4010.38622 4078.26021
3878.00829 3943.64185
3750 3813.46707
3626.2171 3687.5892
3506.52013 3565.86641
3390.7742 3448.16154
3278.84891 3334.34196
3170.61813 3224.27942
3065.95991 3117.84991
2964.75634 3014.93351
0 2915.41426

0 0
0 0
0 0
0 0
0 0
0 0
0 0
29.8922961 0
120.659199 62.4107965
240.356176 184.13359
356.102101 301.838464
468.027396 415.658045
576.258175 525.72058
680.916388 632.150087
782.119962 735.066486
834.585741
Opción CALL AMERICANA
Plazo 90 Delta T 0.016666667
Tasa 5.00% u 1.016924552
Spot 3750 d 0.983357121
STRIKE 3750 p 52.06%
Volatilidad 13% 1-p 47.94%
Nodos 15 Factor descuento 0.999167014
Base 360
Plazos años 0.25

ARBOL DE PRECIOS
0 1 2 3 4 5 6
3750 3813.467071 3878.008294 3943.6418487756 4010.386222 4078.260213 4147.282942
3687.589203 3750 3813.4670713085 3878.008294 3943.641849 4010.386222
0 3626.217102 3687.5892034843 3750 3813.467071 3878.008294
0 0 3565.8664095894 3626.217102 3687.589203 3750
0 0 0 3506.520126 3565.86641 3626.217102
0 0 0 0 3448.161536 3506.520126
0 0 0 0 0 3390.7742
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

ARBOL DE INTRINSICOS
0 63.46707131 128.0082944 193.64184877561 260.3862217 328.2602132 397.2829417
0 0 0 63.467071308451 128.0082944 193.6418488 260.3862217
0 0 0 0 0 63.46707131 128.0082944
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
 0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0

ARBOL DEL VALOR DE LA OPCIÓN

123.2250198 158.649209 200.6305165 249.07632089983 303.4781297 362.9475663 426.3562178
84.96453414 113.3285378 148.36166116905 190.4228062 239.4151944 294.7096118
54.3056909 75.475583724025 102.9363854 137.5425444 179.7754007
31.407169021848 45.78122023 65.52909074 91.91195419
15.84989813 24.41235472 36.98819518
6.57763899 10.79598496
2.007463763
 7 8 9 10 11 12 13
4217.473849 4288.852706 4361.439618 4435.255031 4510.319737 4586.65488 4664.28196
4078.260213 4147.282942 4217.473849 4288.852706 4361.439618 4435.255031 4510.319737
3943.641849 4010.386222 4078.260213 4147.282942 4217.473849 4288.852706 4361.439618
3813.467071 3878.008294 3943.641849 4010.386222 4078.260213 4147.282942 4217.473849
3687.589203 3750 3813.467071 3878.008294 3943.641849 4010.386222 4078.260213
3565.86641 3626.217102 3687.589203 3750 3813.467071 3878.008294 3943.641849
3448.161536 3506.520126 3565.86641 3626.217102 3687.589203 3750 3813.467071
3334.341955 3390.7742 3448.161536 3506.520126 3565.86641 3626.217102 3687.589203
0 3278.848905 3334.341955 3390.7742 3448.161536 3506.520126 3565.86641
0 0 3224.27942 3278.848905 3334.341955 3390.7742 3448.161536
0 0 0 3170.618127 3224.27942 3278.848905 3334.341955
0 0 0 0 3117.849913 3170.618127 3224.27942
0 0 0 0 0 3065.959914 3117.849913
0 0 0 0 0 0 3014.933514
0 0 0 0 0 0 0
0 0 0 0 0 0 0

467.473849 538.8527059 611.439618 685.2550312 760.3197371 836.6548796 914.2819602

328.2602132 397.2829417 467.473849 538.8527059 611.439618 685.2550312 760.3197371
193.6418488 260.3862217 328.2602132 397.2829417 467.473849 538.8527059 611.439618
63.46707131 128.0082944 193.6418488 260.3862217 328.2602132 397.2829417 467.473849
0 0 63.46707131 128.0082944 193.6418488 260.3862217 328.2602132
0 0 0 0 63.46707131 128.0082944 193.6418488
0 0 0 0 0 0 63.46707131
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
 0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0

492.5635452 560.6640277 630.1428211 700.8475243 772.7989269 846.0181706 920.5267548

355.1888528 419.4551383 486.177052 554.445199 623.9188078 694.6183222 766.5645317
229.5346616 286.0059143 347.7168708 412.8754348 479.9530388 548.2159969 617.6844126
126.0437084 168.599504 219.4780407 277.5518189 340.739403 406.6462327 473.7186435
55.00074518 80.04237017 113.6327112 156.7848637 209.4054528 269.7495127 334.5050078
17.48879732 27.89828028 43.69855578 66.96207536 99.90545182 144.2289679 199.8866433
3.545587545 6.213302846 10.78586128 18.50766409 31.29819115 51.93870495 84.02909002
0.34037358 0.654304519 1.257778007 2.41784287 4.647850502 8.934622906 17.17514073
0 0 0 0 0 0
0 0 0 0 0
0 0 0 0
0 0 0
0 0
0
 14 15
4743.222844 4823.499768
4586.65488 4664.28196
4435.255031 4510.319737
4288.852706 4361.439618
4147.282942 4217.473849
4010.386222 4078.260213
3878.008294 3943.641849
3750 3813.467071
3626.217102 3687.589203
3506.520126 3565.86641
3390.7742 3448.161536
3278.848905 3334.341955
3170.618127 3224.27942
3065.959914 3117.849913
2964.75634 3014.933514
0 2915.414259

993.2228445 1073.499768
836.6548796 914.2819602
685.2550312 760.3197371
538.8527059 611.439618
397.2829417 467.473849
260.3862217 328.2602132
128.0082944 193.6418488
0 63.46707131
0 0
0 0
0 0
0 0
 0 0
0 0
0 0
0 0

996.3465427 1073.499768
839.7785779 914.2819602
688.3787294 760.3197371
541.9764042 611.439618
400.40664 467.473849
263.50992 328.2602132
131.1319927 193.6418488
33.01599433 63.46707131
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0
Opción PUT AMERICANA
Plazo 90 Delta T 0.01666667
Tasa 5.00% u 1.01692455
Spot 3750 d 0.98335712
STRIKE 3750 p 52.06%
Volatilidad 13% 1-p 47.94%
Nodos 15 Factor descu 0.99916701
Base 360
Plazos años 0.25

ARBOL DE PRECIOS
0 1 2 3 4 5 6
3750 3813.46707 3878.00829 3943.64185 4010.38622 4078.26021 4147.28294
3687.5892 3750 3813.46707 3878.00829 3943.64185 4010.38622
0 3626.2171 3687.5892 3750 3813.46707 3878.00829
0 0 3565.86641 3626.2171 3687.5892 3750
0 0 0 3506.52013 3565.86641 3626.2171
0 0 0 0 3448.16154 3506.52013
0 0 0 0 0 3390.7742
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

ARBOL DE INTRINSECOS
0 0 0 0 0 0 0
3750 62.4107965 0 0 0 0 0
3750 3750 123.782898 62.4107965 0 0 0
3750 3750 3750 184.13359 123.782898 62.4107965 0
3750 3750 3750 3750 243.479874 184.13359 123.782898
3750 3750 3750 3750 3750 301.838464 243.479874
3750 3750 3750 3750 3750 3750 359.2258
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
 3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750

ARBOL
80.7721499 53.9685509 33.3604956 18.6298678 9.06417848 3.62049765 1.06213264
110.024454 76.4451574 49.4176913 29.0517201 14.9924135 6.40547646
146.686828 105.933082 71.6234517 44.372289 24.3449009
191.205251 143.381568 101.345951 66.2015341
243.479874 189.286504 139.693135
301.838464 243.479874
359.2258
 7 8 9 10 11 12 13
4217.47385 4288.85271 4361.43962 4435.25503 4510.31974 4586.65488 4664.28196
4078.26021 4147.28294 4217.47385 4288.85271 4361.43962 4435.25503 4510.31974
3943.64185 4010.38622 4078.26021 4147.28294 4217.47385 4288.85271 4361.43962
3813.46707 3878.00829 3943.64185 4010.38622 4078.26021 4147.28294 4217.47385
3687.5892 3750 3813.46707 3878.00829 3943.64185 4010.38622 4078.26021
3565.86641 3626.2171 3687.5892 3750 3813.46707 3878.00829 3943.64185
3448.16154 3506.52013 3565.86641 3626.2171 3687.5892 3750 3813.46707
3334.34196 3390.7742 3448.16154 3506.52013 3565.86641 3626.2171 3687.5892
0 3278.84891 3334.34196 3390.7742 3448.16154 3506.52013 3565.86641
0 0 3224.27942 3278.84891 3334.34196 3390.7742 3448.16154
0 0 0 3170.61813 3224.27942 3278.84891 3334.34196
0 0 0 0 3117.84991 3170.61813 3224.27942
0 0 0 0 0 3065.95991 3117.84991
0 0 0 0 0 0 3014.93351
0 0 0 0 0 0 0
0 0 0 0 0 0 0

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
62.4107965 0 0 0 0 0 0
184.13359 123.782898 62.4107965 0 0 0 0
301.838464 243.479874 184.13359 123.782898 62.4107965 0 0
415.658045 359.2258 301.838464 243.479874 184.13359 123.782898 62.4107965
3750 471.151095 415.658045 359.2258 301.838464 243.479874 184.13359
3750 3750 525.72058 471.151095 415.658045 359.2258 301.838464
3750 3750 3750 579.381873 525.72058 471.151095 415.658045
3750 3750 3750 3750 632.150087 579.381873 525.72058
 3750 3750 3750 3750 3750 684.040086 632.150087
3750 3750 3750 3750 3750 3750 735.066486
3750 3750 3750 3750 3750 3750 3750
3750 3750 3750 3750 3750 3750 3750

0.17284472 0 0 0 0 0 0
2.02985005 0.36087481 0 0 0 0 0
11.1690562 3.84608165 0.75345449 0 0 0 0
38.6977416 19.1420837 7.21172368 1.57310414 0 0 0
96.188989 60.0047638 32.1331345 13.3484632 3.28441422 0 0
187.186649 135.656557 90.3809551 52.5913587 24.3024069 6.85738249 0
301.838464 243.479874 185.067059 131.582042 83.4079179 43.2919997 14.3172242
415.658045 359.2258 301.838464 243.479874 184.13359 127.123534 74.8372703
471.151095 415.658045 359.2258 301.838464 243.479874 184.13359
525.72058 471.151095 415.658045 359.2258 301.838464
579.381873 525.72058 471.151095 415.658045
632.150087 579.381873 525.72058
684.040086 632.150087
735.066486
 14 15
4743.22284 4823.49977
4586.65488 4664.28196
4435.25503 4510.31974
4288.85271 4361.43962
4147.28294 4217.47385
4010.38622 4078.26021
3878.00829 3943.64185
3750 3813.46707
3626.2171 3687.5892
3506.52013 3565.86641
3390.7742 3448.16154
3278.84891 3334.34196
3170.61813 3224.27942
3065.95991 3117.84991
2964.75634 3014.93351
0 2915.41426

0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
123.782898 62.4107965
243.479874 184.13359
359.2258 301.838464
471.151095 415.658045
579.381873 525.72058
684.040086 632.150087
785.24366 735.066486
3750 834.585741

0 0
0 0
0 0
0 0
0 0
0 0
0 0
29.8922961 0
123.782898 62.4107965
243.479874 184.13359
359.2258 301.838464
471.151095 415.658045
579.381873 525.72058
684.040086 632.150087
785.24366 735.066486
834.585741
Opción CALL
Plazo 120 Delta T 0.022222222
Tasa 2.00% u 1.011243073
Spot 1000 d 0.988881928
STRIKE 950 p 51.71%
Volatilidad 7.5% 1-p 48.29%
Nodos 15 Factor descuento 0.999555654
Base 360 INGRESO 0.50% EN EL NODO 4
Plazos años 0.333333333
0.50%
ARBOL DE PRECIOS
0 1 2 3 4 5 6
1000 1011.243073 1022.612554 1034.1098616938 1040.507753 1052.206258 1064.03629
988.8819278 1000 1011.2430734638 1017.499491 1028.939312 1040.507753
977.8874672 988.88192783834 995 1006.186858 1017.499491
967.01524377891 972.9980299 983.9375182 995
951.482579 962.1801676 972.9980299
940.9039271 951.482579
930.4428893

ARBOL DEL VALOR DE LA OPCIÓN

53.65455924 63.26196341 73.48518403 84.172138699387 95.18628761 106.4253576 117.8287001
43.41674318 52.37360082 62.109685270634 72.4561318 83.23958362 94.31310332
33.86608084 41.996820114381 51.0883168 60.97636063 71.45914649
25.191199781043 32.30068482 40.54764116 49.80796242
17.60184954 23.49992236 30.66940152
11.30264262 15.84477603
6.449520336
 7 8 9 10 11 12 13
1075.999328 1088.096868 1100.330421 1112.701516 1125.211701 1137.862539 1150.655611
1052.206258 1064.03629 1075.999328 1088.096868 1100.330421 1112.701516 1125.211701
1028.939312 1040.507753 1052.206258 1064.03629 1075.999328 1088.096868 1100.330421
1006.186858 1017.499491 1028.939312 1040.507753 1052.206258 1064.03629 1075.999328
983.9375182 995 1006.186858 1017.499491 1028.939312 1040.507753 1052.206258
962.1801676 972.9980299 983.9375182 995 1006.186858 1017.499491 1028.939312
940.9039271 951.482579 962.1801676 972.9980299 983.9375182 995 1006.186858
920.0981581 930.4428893 940.9039271 951.482579 962.1801676 972.9980299 983.9375182
909.8684404 920.0981581 930.4428893 940.9039271 951.482579 962.1801676
899.7524574 909.8684404 920.0981581 930.4428893 940.9039271
889.7489447 899.7524574 909.8684404 920.0981581
879.8566517 889.7489447 899.7524574
870.0743419 879.8566517
860.4007926

129.3711081 141.0478305 152.8603793 164.8102836 176.8990899 189.1283618 201.4996805

105.5780377 116.9872528 128.5292868 140.2056349 152.0178093 163.9673391 176.0557706
82.33790096 93.45871545 104.7362163 116.1450572 127.6867167 139.3626903 151.17449
59.87641146 70.50599251 81.46927094 92.61651983 103.8936463 115.3021126 126.8433974
39.07293781 48.54981853 58.83187534 69.60825803 80.62670093 91.77357526 103.050327
21.69947814 28.96145782 37.58491346 47.34713181 57.87424664 68.76531346 79.78338163
9.590391193 13.94362873 19.75448173 27.16653606 36.11872171 46.2658226 57.03092734
3.092343993 4.937954526 7.734445596 11.8361482 17.60591731 25.28687847 34.78158745
1.118987912 1.948134222 3.349633557 5.669015958 9.397671736 15.14361808
0.232202731 0.449260579 0.869219184 1.681745572 3.253803207
0 0 0 0
0 0 0
0 0
0
 14 15
1163.592517 1176.674873
1137.862539 1150.655611
1112.701516 1125.211701
1088.096868 1100.330421
1064.03629 1075.999328
1040.507753 1052.206258
1017.499491 1028.939312
995 1006.186858
972.9980299 983.9375182
951.482579 962.1801676
930.4428893 940.9039271
909.8684404 920.0981581
889.7489447 899.7524574
870.0743419 879.8566517
850.8347945 860.4007926
841.3751519

214.0146453 226.674873
188.2846676 200.6556113
163.1236449 175.2117014
138.5189961 150.3304207
114.4584184 125.9993282
90.92988107 102.2062578
67.92161927 78.93931239
45.42212841 56.1868581
23.42015828 33.9375182
6.29538468 12.18016756
0 0
0 0
0 0
0 0
0 0
0
Opción PUT
Plazo 180 Delta T 0.03333333
Tasa 5.50% u 1.0315243
Spot 3400 d 0.96943911
STRIKE 3400 p 52.18%
Volatilidad 17% 1-p 47.82%
Nodos 15 Factor descuento 0.99816835
Base 360 DIVIDENDOS 243 EN EL NODO 5
Plazos años 0.5
240.782678 241.224518 241.667169 242.11063150533 242.554908 243
ARBOL DE PRECIOS
0 1 2 3 4 5 6
3159.21732 3258.80944 3361.54113 3467.5113578097 3576.82223 3689.57905 3805.89044
3062.66883 3159.21732 3258.8094377171 3361.54113 3467.51136 3576.82223
0 2969.07094 3062.6688294577 3159.21732 3258.80944 3361.54113
0 0 2878.3334951621 2969.07094 3062.66883 3159.21732
0 0 0 2790.36906 2878.3335 2969.07094
0 0 0 0 2705.0929 2790.36906
0 0 0 0 0 2622.42286
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0

ARBOL DE PRECIOS CORREGIDO

3400 3500.03396 3603.20829 3709.621989315 3819.37714 3939.78033 4063.97915
3303.89335 3400.88449 3500.9200692225 3604.09603 3467.51136 3576.82223
3210.73811 3304.779460963 3401.77223 3258.80944 3361.54113
3120.4441266674 3211.62585 3062.66883 3159.21732
3032.92397 2878.3335 2969.07094
0 2790.36906
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
 7 8 9 10 11 12 13
3925.86848 4049.62874 4177.29045 4308.97661 4444.81408 4584.93373 4729.47056
3689.57905 3805.89044 3925.86848 4049.62874 4177.29045 4308.97661 4444.81408
3467.51136 3576.82223 3689.57905 3805.89044 3925.86848 4049.62874 4177.29045
3258.80944 3361.54113 3467.51136 3576.82223 3689.57905 3805.89044 3925.86848
3062.66883 3159.21732 3258.80944 3361.54113 3467.51136 3576.82223 3689.57905
2878.3335 2969.07094 3062.66883 3159.21732 3258.80944 3361.54113 3467.51136
2705.0929 2790.36906 2878.3335 2969.07094 3062.66883 3159.21732 3258.80944
2542.27928 2622.42286 2705.0929 2790.36906 2878.3335 2969.07094 3062.66883
0 2464.58496 2542.27928 2622.42286 2705.0929 2790.36906 2878.3335
0 0 2389.26505 2464.58496 2542.27928 2622.42286 2705.0929
0 0 0 2316.24699 2389.26505 2464.58496 2542.27928
0 0 0 0 2245.46042 2316.24699 2389.26505
0 0 0 0 0 2176.83715 2245.46042
0 0 0 0 0 0 2110.31107
0 0 0 0 0 0 0
0 0 0 0 0 0 0

4192.09325 4324.24605 4460.56488 4601.18107 4746.23009 4895.85167 5050.18997

3689.57905 3805.89044 3925.86848 4049.62874 4177.29045 4308.97661 4444.81408
3467.51136 3576.82223 3689.57905 3805.89044 3925.86848 4049.62874 4177.29045
3258.80944 3361.54113 3467.51136 3576.82223 3689.57905 3805.89044 3925.86848
3062.66883 3159.21732 3258.80944 3361.54113 3467.51136 3576.82223 3689.57905
2878.3335 2969.07094 3062.66883 3159.21732 3258.80944 3361.54113 3467.51136
2705.0929 2790.36906 2878.3335 2969.07094 3062.66883 3159.21732 3258.80944
0 2622.42286 2705.0929 2790.36906 2878.3335 2969.07094 3062.66883
0 0 2542.27928 2622.42286 2705.0929 2790.36906 2878.3335
0 0 0 2464.58496 2542.27928 2622.42286 2705.0929
0 0 0 0 2389.26505 2464.58496 2542.27928
0 0 0 0 0 2316.24699 2389.26505
0 0 0 0 0 0 2245.46042
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
 14 15
4878.56381 5032.35713
4584.93373 4729.47056
4308.97661 4444.81408
4049.62874 4177.29045
3805.89044 3925.86848
3576.82223 3689.57905
3361.54113 3467.51136
3159.21732 3258.80944
2969.07094 3062.66883
2790.36906 2878.3335
2622.42286 2705.0929
2464.58496 2542.27928
2316.24699 2389.26505
2176.83715 2245.46042
2045.81809 2110.31107
0 1983.29607

5209.39367 5373.61617
4584.93373 4729.47056
4308.97661 4444.81408
4049.62874 4177.29045
3805.89044 3925.86848
3576.82223 3689.57905
3361.54113 3467.51136
3159.21732 3258.80944
2969.07094 3062.66883
2790.36906 2878.3335
2622.42286 2705.0929
2464.58496 2542.27928
2316.24699 2389.26505
2176.83715 2245.46042
0 2110.31107
0 0