| 1. | , () , |
| 2. | 
PfA , .; Pa A , .; i ; җ ,
|
| 3. | , :
 
, .;  , .
|
| 4. ( = 0) | 
|
3.11.
| 5. | , :
|
| 6. ( . contango), | , , , . . : 
|
| 1. ( . backwardation). | , , , . . : 
|
3.12. call put
| a > f | a < f | |
| 1. call | R=Pa-(Pf + b) | R = -b |
| 1. call' | R = -[Pa-(Pf+b)} | R = +b |
| 3. put | R = -b | R = (Pf-b) - a |
| 4. put | R = +b | R = -[(Pf- b) Pa] |
. :
a ;
f ;
b ;
R (/).
3.13. call put
| call | put | ||
) 
| a) R + | ) R - | |
) 
| b) R - | b) R + | |
| )
| ) R - | ) R + | |
| )
| b) R + | b) R - |
. :
|
|
|
;
f - ;
R (/).
