by Adelaide Pang Lan-Fong & Danny Poon Yiu-tak. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaves 83-88). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / LIST OF EXHIBITS --- p.vii / ACKNOWLEDGEMENTS --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- LITERATURE REVIEW --- p.3 / The Black-Scholes Model --- p.3 / The Test of the Applicability of the Black-Scholes Model --- p.4 / Test of predictability of Black-Scholes Model --- p.5 / Implied Volatility Estimation --- p.5 / Chapter III. --- OPTIONS DEFINED --- p.7 / What are Options ？ --- p.7 / Options Pricing --- p.10 / Intrinsic (Theoretical) Value --- p.10 / Time Value --- p.11 / Price Volatility --- p.12 / Interest Rates --- p.12 / Dividends --- p.12 / Chapter IV. --- HANG SENG INDEX OPTIONS --- p.13 / The Hang Seng Index --- p.13 / Specifications for HSI Options --- p.15 / The Trading Procedures of HSI Options --- p.19 / Advantages of Traded Index Options --- p.21 / Risks involved in Options Trading --- p.23 / Risks of Buying Options --- p.23 / Risk of Writing Options --- p.24 / Chapter V. --- BASIC STRATEGIES OF OPTIONS TRADING --- p.25 / Buy Call --- p.26 / Buy Put --- p.26 / Call Writing --- p.26 / Naked Call Writing --- p.26 / Covered Call Writing --- p.26 / Ratio Covered Call Writing --- p.27 / Put Writing --- p.27 / Naked Put Writing --- p.27 / Covered Put Writing --- p.27 / Ratio Covered Put Writing --- p.28 / Spreads --- p.28 / Bull Spreads --- p.28 / Bear Spreads --- p.28 / Butterfly Spreads --- p.29 / Calendar Spreads --- p.29 / Ratio Spreads --- p.30 / Ratio Calendar Spreads --- p.30 / Straddles --- p.30 / Straddle Purchase / Bottom Straddle --- p.31 / Straddle Write / Top Straddle --- p.31 / Strips --- p.31 / Straps --- p.31 / Strangles --- p.31 / Long Strangle / Bottom Vertical Combination --- p.31 / Short Strangle / Top Vertical Combination --- p.32 / Chapter VI. --- PRICING MODEL --- p.33 / The Biack-Scholes Option Pricing Model --- p.33 / Modifications to Original Black-Scholes Pricing Model --- p.33 / Empirical Analysis and Data Collection --- p.34 / Tests used to determine the performance of Black-Scholes Model --- p.38 / Chapter VII. --- EMPIRICAL RESULTS --- p.39 / Chapter VIII. --- CONCLUSIONS --- p.45 / APPENDICES --- p.48 / BIBLIOGRAPHY --- p.83
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_319098 |
| Date | January 1993 |
| Contributors | Pang, Adelaide Lan-fong., Poon, Danny Yiu-tak., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, viii, 88 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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