大宗商品期權(quán)市場(chǎng)及其在企業(yè)價(jià)格風(fēng)險(xiǎn)管理中的應(yīng)用-資料下載頁(yè)
【導(dǎo)讀】由于大宗商品市場(chǎng)本身的變化和企業(yè)本身面臨的商業(yè)環(huán)境的復(fù)雜化，大宗商品期權(quán)在企。業(yè)的價(jià)格風(fēng)險(xiǎn)管理和保值中的應(yīng)用越來(lái)越廣泛。雖然在這一過(guò)程中出現(xiàn)過(guò)各類問(wèn)題，但。我們認(rèn)為期權(quán)代表某種靈活性。慮買(mǎi)入相應(yīng)的期權(quán)產(chǎn)品來(lái)對(duì)沖這一風(fēng)險(xiǎn)。那么市場(chǎng)上有哪些期權(quán)產(chǎn)品呢，我們?cè)囍阉麄兎殖扇?。。?jiǎn)單場(chǎng)外期權(quán)，如一般亞式期權(quán)，調(diào)期期權(quán)，多資產(chǎn)。一些非線性的復(fù)雜或混合期權(quán)。USD19950是50美元間隔，USD20200以上是100美元間隔。這些期權(quán)的標(biāo)的物是期貨合約，到期日多是期貨合約到期前1-2周。自但大同小異的規(guī)定。交易所掛牌期權(quán)是各類場(chǎng)外期權(quán)交易和對(duì)沖的基礎(chǔ)，他們對(duì)于發(fā)現(xiàn)期權(quán)的市場(chǎng)價(jià)格，尤其是波動(dòng)性至關(guān)重要。亞式期權(quán)，亞式期權(quán)的標(biāo)的物為一個(gè)指數(shù)的平均值，自動(dòng)計(jì)價(jià)行權(quán)。生產(chǎn)商可以購(gòu)買(mǎi)賣(mài)出期權(quán)為未來(lái)的產(chǎn)量保值，最終用戶可以購(gòu)買(mǎi)買(mǎi)入期權(quán)為其消費(fèi)保值，只好減產(chǎn)了。。。讓或放棄一些收益來(lái)規(guī)避風(fēng)險(xiǎn)的交易.
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