The Effect Of Delta Buying Options In The Profitability Of The Original Basis. Applied Research On The Company Of Apple Phones And Communication Technology
Resumen
The derivatives market is considered as one of the cornerstones of the financial markets, since the establishing of financial options market in 1973 the financial markets have entered a new era and a new turn. According to these great changes, which are created by derivatives in the financial world and financial markets, therefore, ‘’Financial Options’’ started to take its primary place among securities which are playing an important role in the accounts of investors, speculators, and traders in the financial markets. In addition to the entering of options as a basic player to protect investors’ money losses through the use of options as a facet of hedging and preserving the wealth and the fi- nancial centres of these dealers. The study deals with highlighting the Delta Options which concerned with the options of buying and their roles in the level of profits that is achieved by original basis. Additionally, it aims to discover whether these Delta options have a primary or secondary role in attracting investors to invest in the original basis. Moreover, the study aims to show the level of the relationship between the bonus buying options and the price of the original basis by accounting Delta Options.Citas
Arnold,Glen, “ Corporate Financial Management”, Financial Timespitman Publishing, (1998).
Binhammer, H.; Sephton, Peter,”Money banking & Financial Sys- tem”, 7th.ed, An International Thomson Publishing Company, (1998).
Bodie, Z.; Alex, Kane; Alan, Mareus,” Investment”, 4th.ed, Irwin/ McGraw- Hill, (1999).
Brealey, Richard; Myer, Stewart,” Principles of Corporate Fi- nance”, 5th.ed, McGraw- Hill, Companies, (1991).
Chance, Don, “An introduction to derivatives”, 4th.ed, The Dey- den Press Harconrt brace College Publisher, (1998).
Crawford, G.; Bidyutsen, “Derivatives for Decision Markets”, John Wiley & Sons, Inc., New York, (1996).
Dale, Richard,”Risk and Regulation in Global Securities Mark- ers”, John Wiley & Sons, U.S.A., (1997).
Dubofsky, David, “Options and Financial Futures: valuation and Use” , McGraw- Hill, Inc., New York, (1992).
Elton, Edwin; Gruber,”modern Portfolio theory & Investment Analysis”, 5th.ed, John Wily & Sons, Inc., (1991).
Fabozzi, Frank; Modiglian, Franco,”Capital Market”, Prentice hall upper seddleriver, New Jersey, (1996).
Fischer, E., Jordan, J., “Security Analysis & Portfolio Manage- ment”, Prentice Hall, N.Y., (1996).
Francis, J.,” Investment Analysis and management”, 4th .ed, N.Y., McGraw- Hill, (1990).
Hull, J.,”Option and other Derivative Securities”, N.J., Prentice- Hall, (1993).
Kane , Alex ;& Marcus , Alanj : ( Valuation & optimal exercise of the wild card option in the treasury bond futures market ) The journal of finance vol.No 1/march 1986 .
Radicffe, K., “ Financial derivatives: An Introduction to Future, Forwards, Option and Swaps”, Prentice – Hall Europe, (1997).
Raynauld, J. and J. Tessier,” Risk Premiums in Future Market: An Empirical Investigation”, The Journal of Futures Markets, 4:2, summer, (1994), pp. 189-21.
Robert W.ward , “OPTIONS AND OPTIONS TRADING”,M- cGraw-Hill,USA,2004.
Samets, A.W.” Financial Innovation and Regulation in the U.S.”, in P. Newman, M., Milgate and J., Eatwell, eds., New Palgrave Dictionary of Money and Finance, Mcmillan Press, Vol. 2, (1994), pp.71-75.
Shehab, Lmed, “ Financial Engineering: Concept, Strategies, and Instrument”, Part (1&2), (1996). Vora, Bhavesh,” Derivatives- Futures And Options- An Introduction”,
