• Put call Parity was introduced by Stoll ( 1969) This relationship shows the combination of call and put option with same underlying asset , exercise price and maturity date. Any Violation of this
+ Exposure P ri c e Underlying stock price Option position Stock position Gamma Risk • In case of a European call option, a hedge portfolio is constructed by establishing a long position in the option and a
2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S
Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly
three years of investment, with so far one new kiln (K7) in operation since January adding an extra 50,000 Mt of capacity, the additional potential of developing new products, as well as the option to add
cargo and passengers-ship will be an option for operators and people who use transportation routes. In addition, Seahorse has expertise in this business. The Company is see long-term benefit of investing
Terephthalic Acid (PTA). INBV had entered into a Call Option Agreement with PTIRS on 30 November 2011 to have a one-time call option to purchase all shares held by PTIRS in PT. Indorama Petrochemicals within 31
of utility services in Q1/2018 compared with those in the same period of 2017, (while utility service income is stable), are attributable to the road and water system repairing cost. ▪ An increasing
. (% ' #+3- position risk (.* $ 4% 4(0 4 #% 10)* "#3 * &'E 01 1 : 4 Fixed-haircut approach #%* /'#3(4!4 $ #3(4!4a!3 * 30"'/+1 . +,R&.$+6 (option holder) $R&.$(#%I#0# 4!4 (derivative warrant holder
management to negotiate and exercise the option to sell the remaining shares in SBITO, in which the approval to exercise such option is subject to the completion of the condition specified in the SPA stating