46. Smiley faces - put option.

46. Smiley faces - put option. - S 1 < E S 1 E...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
PUT OPTION: IT IS EXERCISED ONLY WHEN S 1 < E PRICE OF THE STOCK AT EXPIRATION DATE
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: S 1 &lt; E S 1 E WRITER (SELLER) HOLDER (BUYER)...
View Full Document

Ask a homework question - tutors are online