The results show that divestitures can increase the parent s shareholders wealth when the spun-off incorporated firm value exceeds the unincorporated firm value,and that the value created by corporate spin-offs is the increase in the value of the put option of parent shareholders stock.
结果表明:当分拆后的母公司股票的卖出期权价值大于未分拆状态时的母公司股票的卖出期权价值时,分拆就能为母公司股东创造价值;公司分拆所创造的价值是母公司股票卖出期权价值的增加,来源于公司对负协同效应进行调整所获得价值的现值。
Writing Puts to Acquire Stock
卖出期权获得股票、立权购股
Put breakeven equals the strike price minus the premium.
卖出期权的收支平衡等于执行价减去期权金。
The Valuation Formulas of Reset Put Option with the Jump-diffusion Process;
跳跃扩散型重设卖出期权的定价公式
For puts: futures price- premium+ expected basis.
对于卖出期权是指期货价格减去期权金再加上预期的基点。
put and call option
期货抛出和买进选择权;卖出买入选择权;卖出与买入选择权
hedge selling
卖出保值期货,卖期保值
For a long put, equal to the put value minus the premium. For a short put, equal to the premium minus the put value.
对于买入看跌期权的人，等于期权价值减去期权金。对于卖出看跌期权的人，等于期权金减去价值。
Also, a combination of a short futures contract and a short put, called a synthetic short call.
同时，由卖出一个期货合同和卖出一个看跌期权的组合，叫做组合卖出看涨。
An option which provides the right to buy a currency and sell the base currency is a call option.
买方期权是指期权买方有权买进一种货币，卖出另一基准货币。
A combination of a short futures contract and a long call, called a synthetic long put.
卖出期货合同和买进看涨期权的组合，叫做组合买入看跌期权。
Also, a combination of a long futures contract and a short call, called a synthetic short put.
同时，买进期货合同和卖出一个看涨期权的组合，叫做组合卖出看跌期权。
Protection to the Buyer When the Recall Right is Exerted by the Seller of a Sale by Installment;
分期付款买卖中出卖人行使取回权之际对于买受人利益之保护
A put gives the holder the right, but not the obligation, to tender a share and receive, in return, a fixed price.
沽出期权则给予权利，而非强制约束，持有人以固定价格卖出股 票。
A put gives the holder the right, but not the obligation, to tender a share, in return, a fixed price.
沽出期权则给予权利，而非强制约束，持有人以固定价格卖出股票。
An option to sell a stipulated amount of stock or securities within a specified time and at a fixed price.
期货买卖一种在限定的时间和在固定的地点卖出规定的股票或债券的买卖特权
The option buyer has the right to demand purchase or sale of a specified currency, but no obligation to do so.
期权的购买者，有要求购入或卖出某种货币的权利，但没有义务。
put and call dealers
卖出与买入选择权自营商;期货抛出和买进自营商
A put option provides the right to sell a currency and buy the base currency at the agreed rate.
卖方期权则是一项按商定的汇率卖出一种货币并买进一种基准货币的权利。