Bull and bear spreads[ edit ] If a spread is designed to profit from a rise in the price of the underlying security, it is a Bull spread. A bear spread is a spread where favorable outcome is obtained when the price of the underlying security goes down.
Credit and debit spreads[ edit ] If the premiums of the options sold is higher than the face un jeton of the options purchased, then a net credit is received when entering the spread.
If the opposite is true, then a debit is taken. Spreads that are entered on a debit are known as debit spreads while those entered on a credit are known as credit spreads. Ratio spreads and backspreads[ edit ] There are also spreads in which unequal number of options are simultaneously purchased and written.
When more options are written than purchased, it is a ratio spread. When more options are purchased than written, it is a backspread. Spread combinations[ edit ] Many options strategies are built around spreads and combinations of spreads.
For example, a bull put spread is basically a bull spread that is also a credit spread while the iron butterfly can be broken down into a combination of a bull put spread and a bear call spread. Box spread[ edit ] A box spread consists of a bull call spread and a bear put spread. The calls and puts have the same expiration date.
Avantajul unei răspândiri de cumpărare Ce înseamnă a cumpăra o răspândire? Cumpărarea unui spread se referă la actul de inițiere a unei strategii de opțiuni care implică cumpărarea unei anumite opțiuni și vânzarea unei opțiuni similare, mai puțin costisitoare, într-o singură tranzacție. Strategiile de opțiuni care implică mai multe contracte la prețuri diferite de grevă sunt denumite un spread.
The resulting portfolio is delta neutral. For example, a January box consists of: Long a January strike call Short a January strike call Long a January strike put Short a January strike put A box spread position has a constant payoff at exercise equal to the difference in strike values.
Overcoming the Spread Problem When Scalping ⚔️
Thus, the box example above is worth 10 at exercise. For this reason, a box is sometimes considered a "pure interest rate play" because opțiuni spreaduri verticale one basically constitutes lending some money to the counterparty until exercise. Net volatility[ edit ] For the main article, see net volatility The net volatility of an option spread trade is the volatility level such that the theoretical value of the spread opțiuni spreaduri verticale is equal to the spread's market price.
In practice, it can be considered the implied volatility of the option spread.
Această acțiune vă arată direct cotația Bid și Ask a fiecărui instrument, spreadul corespunzător în timp real. Realizat pe 10 august Vă rugăm să rețineți că performanța anterioară nu este un indicator fiabil al rezultatelor viitoare. Astfel, spread-ul este reprezentat pe graficul de tranzacționare MT4 folosind o linie roșie, aceasta fiind linia ASK și linia care indică cotația curentă. Diferența de mărime dintre aceste două linii reprezintă vizual spreadul.
References[ edit ] McMillan, Lawrence G. Options as a Strategic Investment 4th ed.