6.1 Options Markets Chapter 6 Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal University
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 6.1 Options Markets Chapter 6
6.2 Assets Underlying Exchange-Traded Options Page 151-2 Stocks Foreign Currency · Stock| dices Futures · Commodities etc Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal University
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 6.2 Assets Underlying Exchange-Traded Options Page 151-2 • Stocks • Foreign Currency • Stock Indices • Futures • Commodities • etc
6.3 Specification of Plain-Vanilla? Exchange-Traded Options Expiration date Strike price Style(European or American) Class(call or put) Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal University
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 6.3 Specification of “Plain-Vanilla” Exchange-Traded Options • Expiration date • Strike price • Style (European or American) • Class (Call or Put)
6.4 Terminology (page 154) Moneyness At-the-money option(平值) -n-he- money option(实值) Out-of-the- money option(虚值) Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal University
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 6.4 Terminology (page 154) Moneyness : –At-the-money option(平值) –In-the-money option(实值) –Out-of-the-money option(虚值)
6.5 Terminology (continued Option class Option series Intrinsic value Time value Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal University
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 6.5 Terminology (continued) • Option class • Option series • Intrinsic value • Time value