, IBM, (index options). , "" "" S&P 500, SPX. SPX "" , , S&P 500.
. 15.2 5 1998 . SFX , , 4.
SPX , "" , 100 ., "". , , "" 1110 S&P 500 19 1998 1115, 500 .,
100 . (1115 -1110) = 500 .
(cash settlement) , . , , IBM 120 ., "" IBM "" 115 . 11500 100 IBM 12000 . "" IBM , , "" "" 500 . (. 12000 11500 ), IBM 11500 .
15.2. | ||||||
SAP 500 INDEX-AM | Chicago Exchange | |||||
Underlying index | High | Low | Close | Net Change | From Dec. 31 | % Change |
S&P500 (SPX) | 1113,88 | 1084,28 | 1113,86 | +19,03 | +143,43 | +14,8 |
Strike | Volume | Last | Net Change | Open Interest | ||
Jun | 1110 call | 2081 17 '/4 +8 '/2 | ||||
Jun | 1110 put | 1077 10 -11 | ||||
Jul | 1110 call | 1278 33 '/ +9 '/2 | ||||
Jul | 1110 put | 152 23 3/! -12% | ||||
Jun | 1120 call | 80 12 +7 | ||||
Jun | 1120 put | 211 17 -11 | ||||
Jul | 1120 call | 67 27 'A +8 '/4 | ||||
Jul | 1120 put | 10 27'/2 -11 |
, 5 1998
|
|
The Wall Street Journal, 6 1998 The Wall
Street Journal, 1998 Dow Jones & Company, Inc .
15.2 |
, 5 1998 , . 15.2, J "" SPX 1120. , , 19 1998 , 1200?
"' Web- //www cboe com/products/cs/csll4 hfml