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【正文】 的選擇權(quán)o A financial contract giving the owner the right to buy or sell an underlying financial instrument at a certain price within a specific period of time外匯期權(quán)交易 (FX Options)o 有交易所交易期權(quán)和場外期權(quán)o 分為看漲期權(quán) (calls)和看跌期權(quán) (puts)n Call options: allow the holder to purchase the underlying currencyn Put options: allow the holder to sell the underlying currency外匯期權(quán)交易 (FX Options)o 有美式期權(quán)和歐式期權(quán)n American options: grant the holder the right to exercise the right to purchase or sell the underlying currency at any time before or including the date at which the contract expiresn European options: grant the holder the right to exercise the right to purchase or sell the underlying currency only at on the date that the contract expires外匯期權(quán)交易 (FX Options)o Futures Options, Stock Options, and Currency Optionn Futures Options: Options to buy or sell futures contractsn Stock Options: Options to buy or sell firm equity sharesn Currency Option: A contract granting the right to buy or sell a given amount of a nation’s currency at a certain price within a specific period of time期權(quán)費o 由期權(quán)購買方支付給出售方n 期權(quán)購買方的成本上限n 期權(quán)出售方的收入上限o 期權(quán)費的決定因素n 供求關系n 期權(quán)的內(nèi)在價值n 期權(quán)的時間價值或期限n 預期的匯率波動性看跌期權(quán)出售方看跌期權(quán)購買方多頭跨式期權(quán)o 以相同執(zhí)行價格買入看跌期權(quán)和看漲期權(quán)空頭寬
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