Time value
Time value is, as above, the difference between option value and intrinsic value, i.e.
Time Value = Option Value - Intrinsic Value.
More specifically, an option's time value reflects the probability that the option will gain in intrinsic value or become profitable to exercise before it expires. An important factor is the option's volatility. Volatile prices of the underlying in
Part 1.
We collect the underlying asset price data for the last 6 months of the XOM stock price (from November 28th, 2011 to May 25th, 2012). We decided to ignore the dividend effect in our calculation by using adjusted close price. Since adjusted closing price is the price that is amended to include any distributions (which include dividend) and corporate actions that occurred in the past, us
model of “media richness” helps explain an individual’s choice of communication channel
(“매체 풍부성”모델을 사용하여 개인의 커뮤니케이션 경로 선택을 설명 할 수 있다)
A “rich” channel is one that can(“풍부한” 경로는):
Handle multiple cues simultaneously(다수의 단서를 동시에 다룰 수 있다)
Facilitate rapid feed
Ⅰ. 개요
옵션가격결정모형(Option pricing model : OPM)은 기초증권의 연속적인 거래와 가격결정행태를 조건부청구권(Contingent claims)의 가격을 평가하는 모형으로써 최근 재무이론의 새로운 분야로 각광받고 있다. 옵션의 가격결정에 관한 이론은 블랙과 숄즈가 유러피안 콜옵션의 가격결정에 관한 일반균