關於期貨的作業~~~

画图题
portfolio 到期时 的 Cashflow.(X轴: 股價 , y轴: portfolio 值)
- European with no dividend Option

1. Buy 1 stock and write 1 Call(1:1 Hedge)
2. Buy 1 stock and write 2 Calls(1:2 Hedge)
3. Buy 2 Calls and short 1 Stock(2:1 Reverse Hedge)
4. Buy 1 stock and buy 1 Put(1:1 Hedge)
5. Buy 1 stock and buy 2 Puts(1:2 Hedge)
6. Short 1 stock and write 2 Puts(2:1 Reverse Hedge)
7. Buy 1 Call(X=X1) and write 1 Call(X=X2) (Bullish Vertical Spread)
8. Buy 1 Call(X=X2) and write 1 Call(X=X1) (Bearish Vertical Spread)
9. Write 1 Put(X=X2) and buy 1 Put(X=X1) (Bullish Vertical Spread)
10. Write 1 Put(X=X1) and buy 1 Put(X=X2) (Bearish Vertical Spread)
11. Buy 1 Call and 1 Put with same X (Bottom Straddle)
12. Buy 1 Call(X=X2) and buy 1 Put(X=X1) (Bottom Vertical Combination)
13. Buy 1 Call(X=X1) and buy 1 Put(X=X2) (Bottom Vertical Combination)
14. Write 1 Call and write 1 Put with same X (Top Straddle)
15. Write 1 Put(X=X1) and write 1 Call(X=X2) (Top Vertical Combination)
16. Write 1 Put(X=X2) and write 1 Call(X=X1) (Top Vertical Combination)
17. Buy 1 Call(X=X1) and 1 Call(X=X3) and write 2 Calls( X2 = (X1+X3)/2 ) (Butterfly
Spread)
18. Buy 1 Put(X=X1) and 1 Put(X=X3) and write 2 Puts( X2 = (X1+X3)/2 ) (Butterfly Spread)
19. Buy 1 Call and write 1 put with same X (Synthetic Stock)

顶顶~~ddddddddddddddddddd

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