Vzťah speed certifikátov a inverznej vertical ratio call back spread opčnej stratégie

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dc.contributor.authorŠoltés, Michal
dc.date.accessioned2016-01-13T12:07:19Z
dc.date.available2016-01-13T12:07:19Z
dc.date.issued2010
dc.description.abstract-translatedFinancial derivatives were introduced in 1981 when the European Option Exchange in Amster- dam was introduced. Despite some opinions that say that financial derivatives cause deformations in prices at financial markets, volume of sales of financial derivatives are annually rising. Financial derivatives brought with themselves large opportunities for position creating. They can be used not only for trading, but for hedging and arbitrage as well. Nowadays, financial derivatives, namely options, are used to provide new banking products of treasury management. Yields of treasury in- struments are in certain way derived from the yields gained from other regular financial instruments on financial market. Banks use option strategies to create financial positions that are divided into smaller parts and, consecutively, sold to clients of banks as new products. Especially, option strategies are used to emit investments certificates. Situation on financial markets forces banks to create new products that bring higher potential profits at lower level of risk. The investments certificates are one of favourite instruments used. The paper deals with option strategy and its usage in creating the treasury products in banks. We focus on Inverse Vertical Ratio Call Back Spread strategy as the one, which can be used for specific investment certificates creation. The aim of the paper is to find the way of creation of Spe- ed certificates, so called Sprint certificates, Double Chance certificates or Double-up certificates. We analyze this type of certificates, derive the profit function in analytical form and we propose the way of its creation through Inverse Vertical Ratio Call Back Spread option strategy.en
dc.format6 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.citationE+M. Ekonomie a Management = Economics and Management. 2010, č. 2, s. 119-124.cs
dc.identifier.issn1212-3609 (Print)
dc.identifier.issn2336-5604 (Online)
dc.identifier.urihttp://www.ekonomie-management.cz/download/1331826758_ec4c/11_soltes.pdf
dc.identifier.urihttp://hdl.handle.net/11025/17337
dc.language.isosksk
dc.publisherTechnická univerzita v Libercics
dc.relation.ispartofseriesE+M. Ekonomie a Management = Economics and Managementcs
dc.rights© Technická univerzita v Libercics
dc.rightsCC BY-NC 4.0cs
dc.rights.accessopenAccessen
dc.subjectvolba strategiecs
dc.subjectpodílový listcs
dc.subjectziskcs
dc.subjectfinanční derivátycs
dc.subject.translatedoption strategyen
dc.subject.translatedinvestment certificateen
dc.subject.translatedprofiten
dc.subject.translatedfinancial derivativesen
dc.titleVzťah speed certifikátov a inverznej vertical ratio call back spread opčnej stratégiesk
dc.title.alternativeRelationship of speed certificates and inverse vertical ratio call back spread option strategyen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen

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Číslo 2 (2010)
Číslo 2 (2010)