Derivatives: An IntroductionBob Strong's practical, applied approach, and his ability to explain the intuition underlying the math, makes this text the first truly accessible, yet comprehensive, derivatives book. |
Contents
Chapter | 1 |
BASIC PRINCIPLES OF STOCK OPTIONS | 15 |
BASIC PRINCIPLES OF STOCK OPTIONS | 16 |
Copyright | |
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arbitrage Black-Scholes model BSOPM bullish bullspread bushel call option call premium cash CBOE chapter commodity cost coupon covered call delivery month delta neutral derivatives dividend duration equation Eurodollar example exercise price expire worthless Figure firm fixed rate floating rate foreign currency futures contract futures market futures options futures price gamma hedge hedger implied volatility in-the-money interest rate swap intrinsic value investment investor LIBOR long call long put loss diagram Microsoft million MSFT option expiration option position option premium option pricing option trading portfolio manager position delta price at option profit and loss protective put put option rise riskless sell shares of stock short put shows someone soybeans speculator spread stock index futures stock price straddle strategy striking price Suppose swap price swaption T-bill T-bond Table theta tion transaction Treasury bonds U.S. dollar underlying asset write yield to maturity zero