Options were first traded on an exchange on 26^th April 1973.What are options? The option gives the holder the right to trade inthe future at a previously agreed price but takes away the obliga-tion. So if the stock f...Options were first traded on an exchange on 26^th April 1973.What are options? The option gives the holder the right to trade inthe future at a previously agreed price but takes away the obliga-tion. So if the stock falls, we do not have to buy it after all. A calloption is the right to buy a particular asset for an agreed amount ata specified time in the future. As an example,展开更多
The European and American call options, for which the prices of their underlying asset follow compound Poisson process, are evaluated by a probability method. Formulas that can be used to evaluate the options are obta...The European and American call options, for which the prices of their underlying asset follow compound Poisson process, are evaluated by a probability method. Formulas that can be used to evaluate the options are obtained, which include not only the elements of an option: the price of the call option, the exercise price and the expiration date, but also the riskless interest rate, nevertheless exclude the volatility of the underlying asset. In practice, the evaluated results obtained by these formulas can provide references of making strategic decision for an investor who buys the call option and a company who sells the call option.展开更多
文摘Options were first traded on an exchange on 26^th April 1973.What are options? The option gives the holder the right to trade inthe future at a previously agreed price but takes away the obliga-tion. So if the stock falls, we do not have to buy it after all. A calloption is the right to buy a particular asset for an agreed amount ata specified time in the future. As an example,
文摘The European and American call options, for which the prices of their underlying asset follow compound Poisson process, are evaluated by a probability method. Formulas that can be used to evaluate the options are obtained, which include not only the elements of an option: the price of the call option, the exercise price and the expiration date, but also the riskless interest rate, nevertheless exclude the volatility of the underlying asset. In practice, the evaluated results obtained by these formulas can provide references of making strategic decision for an investor who buys the call option and a company who sells the call option.
