Abstract
A derivative (derivative security or contingent claim) is a financial instrument whose value depends on the value of other, more basic underlying variables. Options, future contracts, forward contracts, and swaps are examples of derivatives. The aim of this chapter is to present and discuss various option strategies. The exercises emphasize the difference of the strategies through an intuitive approach using payoff graphs.
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© 2010 Springer-Verlag Berlin Heidelberg
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Borak, S., Härdle, W.K., Cabrera, B.L. (2010). Derivatives. In: Statistics of Financial Markets. Universitext. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-11134-1_1
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DOI: https://doi.org/10.1007/978-3-642-11134-1_1
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-11133-4
Online ISBN: 978-3-642-11134-1
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