期权合约

一种基于期权合约和现货市场的零售商采购模型研究

Model for Retailer 's Procurement Based on Option Contract and Spot Market

电子市场与期权合约市场并存下的供应链优化

Optimal Strategies of Supply Chain in both Option Contract Markets and Electronic Markets

纽约商品交易所（newyorkmercantileexchange）的数据显示，提供针对油价在今年年底前跌破每桶100美元的看跌期权合约数量，在过去6周内增长了1倍以上。

The number of financial bets providing insurance against a fall in prices below $ 100 a barrel before the end of the year has more than doubled in the past six weeks , according to the New York Mercantile Exchange .

今年以来，芝加哥商品交易所（chicagomercantileexchange）未履行的生牛与生猪期货与期权合约已激增近三分之一。

The number of outstanding contracts at the Chicago Mercantile Exchange for live cattle and lean hogs futures and options both benchmark derivatives has jumped by nearly a third since the start of the year .

交易所数据显示，对冲基金以及其他大型投机者累积了创纪录的北海布伦特（Brent）原油期货和期权合约，规模接近2.65亿桶石油，相当于近3天的全球石油需求。

Exchange data show hedge funds and other large speculators have accumulated a record-breaking number of North Sea Brent futures and options contracts equal to almost 265m barrels of oil & the equivalent of almost three days of global oil demand .

DresdnerKleinwort驻伦敦的贵金属业务主管大卫•赫尔姆斯（DavidHolmes）补充称，投资者已在买进只有当金价突破每盎司1000美元、升至1500美元高位时才能获利的期权合约。

David Holmes , head of precious metals at Dresdner Kleinwort in London , added that investors were already buying option contracts that would be profitable only if gold prices surged to levels above $ 1,000 an ounce to as high as $ 1,500 an ounce .

许多衍生证券可表现为若干期权合约的组合形式；

Many derivative securities appear in the form of option .

第三部分研究股票指数期权合约的设计；

The third part deals with the design of stock index option contracts ;

有些“入局出局”期权合约还被地方和道一级政府部门宣传推广。

Some of the KIKO contracts were promoted by local and provincial government agencies .

期权合约下的供应链动态随机规划研究

Research on Supply Chain Management With Option Contracts Taking a Dynamic Stochastic Programming Approach

韩国政府已经保证，会帮助那些财务状况受到这类期权合约责任影响的企业。

The South Korean government has pledged to help businesses whose financial survival has been threatened by Kiko liabilities .

交易所对每一个期货或者期权合约交割所收取的费用。

A fee charged by the exchange for each futures or options contract cleared or delivered on the Exchange .

一旦该指令被发出，就意味着以最快的速度和尽可能好的价格买进或者卖出某一期货或期权合约。

An order to buy or sell a futures contract at whatever price is obtainable when the order reaches the trading floor .

文章研究了在现货市场和期权合约市场同时存在时，零售商采购的最优采购策略。

This article analyzes how the retailers utilize the advantage of spot market and option market to get the best procurement strategy .

该文首先在燃料市场和电量市场之间构造出交叉商品组合，在此基础上引入摆动期权合约设计了发电商的风险回避模型。

Cross-commodity unit is constructed between energy market and electricity market , based on which risk-avoiding model is designed incorporating swing options .

本文使用金融工程组合分解和无套利均衡分析方法，先将结构化产品分解为债券和期权合约，再运用常见的方法和技术模型对其定价。

In this paper , with the use of financial engineering techology and no-arbitrage analysis , we divided into bonds and options contracts .

中信泰富起初是想通过购买累计期权合约来支付那些费用，并对冲澳元汇率走低产生的经营风险。

Initially , the accumulators represented a way to finance those costs , while providing a cushion against a weakening of the Australian currency .

自今年初以来，押注油价在12月份触及每桶200美元的原油期权合约增长了两倍。

The number of oil option contracts betting on oil hitting $ 200 a barrel in December have tripled since the beginning of the year .

在期权合约中，期权的价格随市场供求变化而改变，它能直接影响到买卖双方的盈亏状况，是期权交易的核心问题，如何对期权进行合理的定价这一问题一直困扰着投资者。

The price of option changes while market changes in option contracts . It directly affects the profit and loss of the buyers and sellers .

因此，在本章第6节对基本的退货期权合约模型进行了改进，此时考虑零售商的残值收益函数为非线性的，同时为边际收益递减的。

Therefore , author made an improvement to the basic return option contract . Considering the retailer residual revenue function is non-linear , and conforms to diminishing marginal returns .

但是，由于这些期权合约无需担保，而目前的股市处在12年低点，离合约到期还有大把时间，因此他的损失目前只是停留在账面上。

But , with no need to post collateral , stocks at 12-year lows and plenty of time remaining on those bets , his losses exist on only paper .

经纪商和分析师表示，石油价格逼近每桶80美元，并面临进一步上涨的压力，因为在年底前到期的大量期权合约的行权价格集中在这一位置。

Oil prices face further upward pressure as they near $ 80 a barrel because of heavy trading in options contracts ahead of the year end , brokers and analysts said .

特别是，在利用该期权合约对上证指数基金模拟套期保值时考虑到异方差性，本文将利用指数滑动平均模型来度量市场波动率，体现了波动率微笑效应，模拟结果达到了良好的效果。

Especially , when we consider conditional heteroscedasticity during the hedging simulation , we use the method of EWMA which represent the volatility smile and is often used in calculating the VAR.

对于企业目标、公司治理结构和股票期权合约的现实考察为理解股票期权制度的发展轨迹提供了初步的线索。

Thus , an investigation into the goal of enterprises , the structure of corporate governance and the contract of stock option provides some preliminary clues about the development of stock option .

介绍了金融衍生产品的基本种类和概念，对远期合约、期货合约和期权合约在电力市场中的应用进行了研究。

The basic categories and concepts of financial derivatives are introduced , and the study on applications of forward contracts , future contracts and option contracts in the power market are carried out .

为此，它们全面检讨了各自在购买远期产品上的习惯，进而纷纷在芝加哥、纽约、伦敦和巴黎等地的大宗商品交易所购买期货和期权合约，以此锁定原料价格。

As a result , they overhauled their forward buying practices and locked in prices through buying futures and options traded on commodities exchanges in Chicago , New York , London and Paris .

过去4周，随着投资者希望从油价大幅下挫中寻求保护，未平仓的12月交货、价格为50美元的卖出期权合约数量增加近30%，至2.71万份。

In the last four weeks , the number of oustanding put options contracts at $ 50 for December has risen almost 30 per cent , to 27,100 contracts , as investors seek protection from tumbling prices .

解决了期权供应合约中一个重要的决策问题。

It is an important decision in supply contract with options .

本文把期权式合约的思想引进订单农业，分析订单农业的自我及约机制。

This paper introduces option contract into order agriculture to analyze its self-enforced mechanisms .

从一个新的角度研究股票期权激励合约。

Studying ESO contracts from a new perspective , namely evaluating the performance of ESO contracts from the shareholders .