|
所在平台: Udemy |
课程主页: https://www.udemy.com/course/binomial-options-pricing-model-in-financial-derivatives/
课程评论：没有评论
**Coursera 课程总结：二叉期权定价模型在金融衍生品中的应用** 本课程着重于使用二叉期权定价模型（Binomial Options Pricing Model, BOPM）来计算看涨期权（Call Option）和看跌期权（Put Option）的价值。 **金融衍生品概述：** 金融衍生品是一种金融工具，其价值基于标的资产的价格。它们是基于其他事物的合同，其价格源自基础证券、商品、债券、利率等。 * **远期合约 (Forwards)：** 两个方之间就未来某个特定日期以特定价格买卖资产达成的定制合同。 * **期货合约 (Futures)：** 与远期合约类似，但更标准化并在证券交易所进行监管。 * **期权 (Options)：** 赋予买方在特定日期前以特定价格（执行价格）买入（看涨期权）或卖出（看跌期权）证券或其他金融资产的权利，但不承担义务。 * **掉期 (Swaps)：** 基于不同因素，一种证券换取另一种证券的交易。 约翰·C·赫尔（John C. Hull）的定义：“衍生品可以定义为一种金融工具，其价值取决于另一种、更基础的标的变量的价值。” **期权简介：** 期权是一种金融工具，赋予买方（持有人）在特定日期之前以特定价格（执行价格）买入（看涨期权）或卖出（看跌期权）某种证券或金融资产的权利，但没有义务。该资产被称为“标的”，可以是任何证券、股票指数、商品、外汇、利率等。 **期权的主要分类：** * **看涨期权 (Call Option)：** 买方有权在到期日或之前以约定的执行价格购买标的资产，而卖方则有义务按此价格出售。 * **看跌期权 (Put Option)：** 买方有权在到期日或之前以约定的执行价格卖出标的资产，而卖方则有义务按此价格买入。 **本课程核心：** 通过二叉期权定价模型（BOPM），学员将学习如何精确地计算这些期权的价值。
In this course , the emphasis is on calculating the value of Call Option and Put Option using Binomial Options Pricing Model (BOPM). Financial Derivative is a financial instrument whose value is based on the price of an underlying asset. It is a contract whose value is based on something else. They are those instruments whose price is derived from underlying item such as Security, commodity, bonds, interest rates ,etc.The most common form of derivatives are:Forwards- It is a customized contract between 2 parties to buy or sell an asset at a specified price at a specified future date.Futures-Futures are similar to Forwards but are standardized and regulated in Stock Exchanges.Options- Options are those financial instruments that gives the Right but not the obligation to buy (CALL) or sell (PUT) a security or other Financial asset.Swaps- The exchange of one security for another based on different factors are termed as Swaps.According to John C.Hull, "A Derivative can be defined as a Financial Instrument whose value depends on the value of the other, more basic underlying variable"Binomial Options Pricing Model(BOPM) is used to calculate the value of Call Options and Put Option. Let's give a brief idea about Options:Options are those Financial Instruments that gives the right to the buyer (but not the obligation) to "BUY"(CALL) or "SELL" (PUT) a security or any other financial asset on or before a certain date, at a specified price (Strike Price). The asset under consideration is termed as ‘Underlying' which could be any security, stock indices, commodities, foreign exchange, interest rate,etc. Options are popularly classified into:I) Call Option- A Call Option is a contract between two parties to exchange a stock at a "Strike Price" by a predetermined date. One Party, the buyer of the "Call" has the right but not the obligation, to buy the stock at the strike price by the future date, while the other party, the seller of the call has the obligation to sell the stock to the buyer at the Strike Price if the buyer exercises the Option. II) Put Option- A Put Option is a contract between two parties to exchange a stock at a "Strike Price", on or before a predetermined date (date of expiry). One party, the buyer of the "Put" has the right, but not the obligation to sell the stock from the buyer at the strike price.
