Includes the first published detailed description of option exchange operations, the first published treatment using only elementary mathematics and the first step-by-step procedure for implementing the Black-Scholes formula in actual trading.
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SOME FUNDAMENTAL ASPECTS OF OPTIONS
THE STRUCTURE OF THE MARKET FOR PUTS
Appendix 3A Margin
9 other sections not shown
adjusted American options arbitrage assets Berkeford bid-ask binomial Black-Scholes formula bondholders borrowing calculate call option call price call value capital gains cash dividends CBOE Chapter commissions common stock contract convertible bonds corporate securities current stock price current value delta dollar early exercise equal equivalent portfolio European options ex-dividend date example Exchange expected rate expected return expiration date firm Floor Broker forward contract function gamma hedge holding period implicit volatility in-the-money Index options interest rate investment investors Journal of Financial listed options long position loss margin requirements Market Makers market portfolio market price option positions option pricing option values options market payoff possible present value profit purchased put-call parity puts and calls rate of return risk riskless Section sell short position short sale stock and bonds strategy striking price supershares Suppose Table transactions costs underlying security underlying stock valuation variables warrants zero