英国投资管理研讨会课程作业的3个问题

ABF305 Investment Management
ABF305投资管理

Term 1 Workshop 3 Questions. 
第1学期研讨会3个问题。
 

Question 1
问题1

As an investment manager, you have been approached by a student who has drawn the following three payoff diagrams for an option trading strategy.
作为投资经理，你一直在找的学生得出了以下三个图回报的期权交易策略。
The first was supposed to be the payoff diagram for a collar, the second was supposed to be the payoff diagram for a spread, and the third was supposed to be a payoff diagram for a straddle. Unfortunatel y, the student has gotten confused and so the diagrams are wrong! 
 
Using your own words, how would you explain to the student what it is they have drawn in terms of the payoff diagram and so demonstrate the diagrams are incorrect?
You could illustrate in your answer, an example of what they should have done.

 
Question 2
问题2

As an investment manager, you have been given a stock position of 100 shares in Green Incorporated for which the share price was $102.  Based on your viewpoint of what you think the share price will do, choose an appropriate option trading strategy for your viewpoint.   
作为投资经理，你已经被赋予了股票仓位绿色公司100股的股价为1.02。根据你的观点，你认为股价将做什么，选择一个合适的期权交易策略，为您的观点。
 
Question 3
问题3

An option (value) price depends on:  (1) the stock price; (2) t he time to expiration; (3) the exercise price; (4) the interest rate; (5 ) the dividend rate of  the stock, and (6) the volatility of the stock price.
选项（值）的价格取决于：（1）股票价格，（2），到期时间（3）行使价;（4）利率;（5）股息率的股票，（6）股票价格波动。
 
For a call option , 
(a) If the time to expirati on increased, would the call option price go up or down?
(b) If the volatility increased, woul d the call option price goes up or down?
(c) If the exercise price increased, would the call opt ion price go up or down?
 
In your own words , explain the reason behind eac h stock price change.