栏目：专业的网络股票配资平台 作者：股票配资平台 更新：2025-07-11 阅读：31
<{股票配资平台}>9.1 股票期权的特性：看涨期权定价原则及最小值解析
1、9.1, of Stock , 9,, of call 1,The Value of a Call, a call need not be , its value is zero.,The value of an call is the of zero, or the the stock price and the
2、 price., of call 2,The Value of a Call The Value of a Call at , of call 3,The of Time to ,A long-lived call must be worth at least as much a short-lived call with the same terms.,Pr
3、 of call 4,The of Price,The price of a call must be at least high as the price of an call with a price.,The of price on Call Value : at of A and B,The i
4、n the of two calls that only by price the value of the in their .,The in the of two calls that only by price the in their ., of
5、 call 5,The Lower Bound of a Call,The Lower Bound of a Call: at of A and B,The stock price minus the value of the , on a , of call 6, Call Call,An ca
6、ll will be at least as as a call with the same terms., of call 7,The of Rates, of call 8,The of Stock , of Put 1,The Value of a Put, a put need not be e
7、, its value is zero.,The value of an put is the of zero, or the the price and the stock price., of put 2,The Value of a Put The Value of a Put at , of put 3,The
8、 of Time to ,A long-lived put must be worth at least as much a short-lived Put with the same terms., of put 4,The of Price,The price of a put must be at least high as the price of an
9、an put with a lower price.,The of price on Put Value : at of A and B,The in the of two puts that only by price the value of the in their .,The in
10、 the of two puts that only by price the in their ., of call 5,The Lower Bound of a Put,The Lower Bound of a Put: at of A and B,The stock price minus the pres
11、ent value of the , on a , of call 6, Call Pall,An put will be at least as as a put with the same terms., of call 7,Put-Call ,Put-Call is the among th
12、e call price, the put price, the stock price, the price, the risk-free rate, and the time to ., of call 6, Call Pall,An put will be at least as as a put with the same terms.,Put-Call , of Varia
13、bles on ,c,p,C,P,+,+,+,+,+,+,+,+,+,+,+,+,+,+, vs ,An is worth at least as much as the ,Calls: An ?, that c = 3 S0 = 20 T = 1 r = 10% X = 18 D = 0 Is there an ?,Lower Bo
14、und for Call ; No ( 8.1, page 188),Puts: An ?, that p= 1 S0 = 37 T = 0.5 r =5% X = 40 D = 0 Is there an ?,Lower Bound for Put ; No ,Put-Call ; No , the 2
15、: A: call on a stock + PV of the price in cash C: put on the stock + the stock Both are worth MAX(ST , X ) at the of the They must be worth the same today This means that, , that c= 3 S0= 3
16、1 T = 0.25 r = 10% X =30 D = 0 What are the when p = 2.25 ? p = 1 ?,Early , there is some that an will be early An is an call on a non- stock This never be early,For an
17、 call : S0 = 100; T = 0.25; X = 60; D = 0 you ? What you do if You want to hold the stock for the next 3 ? You do not feel that the stock is worth for the next 3 ?,An , For Not a Call Early(No ),N
18、o is We delay the price the call stock price below price, Puts Be Early ?,Are there any to an put when S0= 60; T = 0.25; r=10% X = 100; D = 0,The of on Lo
19、wer to , of Put-Call , ; D = 0 ; D 0 ; D 0,9.44,,c : call price p : put price S0 :Stock price today K : price T :Life of : of stock price,C : Call o
20、ption price P : Put price ST :Stock price at D : value of life r :Risk-free rate for T with cont comp,9.45, of on ,c,p,C,P,+,+,+,+,+,+,+,+,+,+,+,+,+,+,9.46, vs ,An o
21、ption is worth at least as much as the C c P p,9.47,Calls: An ?, that c = 3 S0 = 20 T = 1 r = 10% K = 18 D = 0 Is there an ?,9.48,Lower Bound for Call ; No ( 9.1, page 211),c S0 Ke
22、-rT,9.49,Puts: An ?,that p= 1 S0 = 37 T = 0.5 r =5% K = 40 D = 0 Is there an ?期权期货第9版中文pdf,9.50,Lower Bound for Put ; No ( 9.2, page 212),p Ke -rTS0,9.51,Put-Call ; No ( 9.3, page 212),the
23、ng 2 : A: call on a stock + PV of the price in cash C: put on the stock + the stock Both are worth max(ST9.1 股票期权的特性：看涨期权定价原则及最小值解析, K ) at the of the They must be worth the same today. This means thatc + Ke -rT = p + S0,9.52,
24、, that c= 3 S0= 31 T = 0.25 r = 10% K =30 D = 0 What are the when p = 2.25 ? p = 1 ?,9.53,Early , there is some that an will be early An is an call on a non- stock This never
25、 be early,9.54,For an call : S0 = 100; T = 0.25; K = 60; D = 0 you ? What you do if you want to hold the stock for the next 3 ? you do not feel that the stock is worth for the next 3 ?,An ,9.55, Fo
26、r Not a Call Early (No ),No is of the price is the call stock price below price,9.56, Puts Be Early ?,Are there any to an put when S0= 60; T =
27、 0.25; r=10% K = 100; D = 0,9.57,The of on Lower to ( 9.5 and 9.6, pages 218-219),9.58, of Put-Call , ; D = 0 S0 - K 0 c + D + Ke -rT = p + S0 ( 9.7, p. 219) ; D 0 S0 - D - K C - P S0 - Ke -rT ( 9.8, p. 219),
