Options, Futures, and Other Derivatives 6th
Description: Options, Futures, and Other Derivatives 6th Edition, Copyright John C. Hull 2005 10.1 Trading Strategies Involving Options Chapter 10 Options, Futures, and Other Derivatives 6th Edition, Copyright John C. Hull 2005 10.2 Types of
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slide1. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.1 Trading Strategies Involving Options Chapter 10<br>
slide2. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.2 Types of Strategies Take a position in the option and the underlying
Take a position in 2 or more options of the same type (A spread)
Combination: Take a position in a mixture of calls & puts (A combination)<br>
slide3. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.3 Positions in an Option & the Underlying (Figure 10.1, page 224) Profit ST K Profit ST K Profit ST K Profit ST K (a) Writing a covered call (b) Reverse (c) Protective put (d) Reverse<br>
slide4. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.4 Bull Spread Using Calls (Figure 10.2, page 225) K1 K2 Profit ST<br>
slide5. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.5 Payoff from a bull spread created using call options<br>
slide6. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.6 Bull Spread Using Puts Figure 10.3, page 226<br>
slide7. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.7 Bear Spread Using Puts Figure 10.4, page 227<br>
slide8. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.8 Payoff from a bear spread created using put options<br>
slide9. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.9 Bear Spread Using Calls Figure 10.5, page 229 K1 K2 Profit ST<br>
slide10. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.10 Butterfly Spread Using Calls Figure 10.6, page 231 K1 K3 Profit ST K2<br>
slide11. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.11 Payoff from a butterfly spread created using call options Where K2 =0.5*(K1 + K3)<br>
slide12. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.12 Butterfly Spread Using Puts Figure 10.7, page 232 K1 K3 Profit ST K2<br>
slide13. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.13 Calendar Spread Using Calls Figure 10.8, page 232 Profit ST K<br>
slide14. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.14 Calendar Spread Using Puts Figure 10.9, page 233 Profit ST K<br>
slide15. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.15 A Straddle Combination Figure 10.10, page 234 Profit ST K<br>
slide16. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.16 Payoff from a straddle<br>
slide17. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.17 Strip & Strap Figure 10.11, page 235 Profit K ST Profit K ST Strip Strap<br>
slide18. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.18 A Strangle Combination Figure 10.12, page 236 K1 K2 Profit ST<br>
slide19. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.19 Payoff from a strangle<br>
slide2. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.2 Types of Strategies Take a position in the option and the underlying
Take a position in 2 or more options of the same type (A spread)
Combination: Take a position in a mixture of calls & puts (A combination)<br>
slide3. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.3 Positions in an Option & the Underlying (Figure 10.1, page 224) Profit ST K Profit ST K Profit ST K Profit ST K (a) Writing a covered call (b) Reverse (c) Protective put (d) Reverse<br>
slide4. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.4 Bull Spread Using Calls (Figure 10.2, page 225) K1 K2 Profit ST<br>
slide5. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.5 Payoff from a bull spread created using call options<br>
slide6. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.6 Bull Spread Using Puts Figure 10.3, page 226<br>
slide7. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.7 Bear Spread Using Puts Figure 10.4, page 227<br>
slide8. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.8 Payoff from a bear spread created using put options<br>
slide9. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.9 Bear Spread Using Calls Figure 10.5, page 229 K1 K2 Profit ST<br>
slide10. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.10 Butterfly Spread Using Calls Figure 10.6, page 231 K1 K3 Profit ST K2<br>
slide11. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.11 Payoff from a butterfly spread created using call options Where K2 =0.5*(K1 + K3)<br>
slide12. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.12 Butterfly Spread Using Puts Figure 10.7, page 232 K1 K3 Profit ST K2<br>
slide13. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.13 Calendar Spread Using Calls Figure 10.8, page 232 Profit ST K<br>
slide14. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.14 Calendar Spread Using Puts Figure 10.9, page 233 Profit ST K<br>
slide15. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.15 A Straddle Combination Figure 10.10, page 234 Profit ST K<br>
slide16. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.16 Payoff from a straddle<br>
slide17. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.17 Strip & Strap Figure 10.11, page 235 Profit K ST Profit K ST Strip Strap<br>
slide18. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.18 A Strangle Combination Figure 10.12, page 236 K1 K2 Profit ST<br>
slide19. Options, Futures, and Other Derivatives 6th Edition, Copyright © John C. Hull 2005 10.19 Payoff from a strangle<br>