CN113763838A - Three-dimensional factor analysis display device for option entitlement - Google Patents
Three-dimensional factor analysis display device for option entitlement Download PDFInfo
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- CN113763838A CN113763838A CN202111044901.7A CN202111044901A CN113763838A CN 113763838 A CN113763838 A CN 113763838A CN 202111044901 A CN202111044901 A CN 202111044901A CN 113763838 A CN113763838 A CN 113763838A
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- option
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- gold
- fluctuation rate
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- 238000000556 factor analysis Methods 0.000 title claims abstract description 13
- PCHJSUWPFVWCPO-UHFFFAOYSA-N gold Chemical compound [Au] PCHJSUWPFVWCPO-UHFFFAOYSA-N 0.000 claims abstract description 30
- 239000010931 gold Substances 0.000 claims abstract description 30
- 229910052737 gold Inorganic materials 0.000 claims abstract description 30
- 230000007423 decrease Effects 0.000 claims description 11
- 230000003247 decreasing effect Effects 0.000 claims description 6
- 230000000630 rising effect Effects 0.000 claims description 6
- 230000009286 beneficial effect Effects 0.000 abstract description 6
- 230000008901 benefit Effects 0.000 description 8
- 238000010586 diagram Methods 0.000 description 6
- 238000004088 simulation Methods 0.000 description 3
- 230000002411 adverse Effects 0.000 description 2
- 238000012986 modification Methods 0.000 description 2
- 230000004048 modification Effects 0.000 description 2
- 230000006735 deficit Effects 0.000 description 1
- 230000000694 effects Effects 0.000 description 1
- 238000003306 harvesting Methods 0.000 description 1
- 230000010354 integration Effects 0.000 description 1
- 238000000034 method Methods 0.000 description 1
- 239000011800 void material Substances 0.000 description 1
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Classifications
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- G—PHYSICS
- G09—EDUCATION; CRYPTOGRAPHY; DISPLAY; ADVERTISING; SEALS
- G09F—DISPLAYING; ADVERTISING; SIGNS; LABELS OR NAME-PLATES; SEALS
- G09F11/00—Indicating arrangements for variable information in which the complete information is permanently attached to a movable support which brings it to the display position
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- Physics & Mathematics (AREA)
- General Physics & Mathematics (AREA)
- Engineering & Computer Science (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
The invention relates to an option fund three-dimensional factor analysis and display device, which comprises: the price indicating rod of the gold, the price indicating rod of the object, the time value loss rod and the fluctuation rate indicating rod. The invention can be used for the finance of colleges and universities, the operation management course and the related training of enterprise operation systems and the education and teaching of futures investors. The invention has novel and compact structure, convenient use and low production cost, is convenient for investors to understand the option change characteristics and is beneficial to predicting the change of future data.
Description
Technical Field
The invention relates to the field of financial demonstration devices, in particular to an option right fund three-dimensional factor analysis and display device.
Background
With the development of economy, more and more people are invested in the investment fields of futures, stocks, foreign exchange markets and the like; in the derivative investment, under the existing conditions, when a plurality of factors influencing the option price change are introduced to an investor, each factor is introduced in an isolated manner, and because the concept of the option is relatively abstract, the investor cannot easily understand how each factor interacts with each other to influence the option price, so that the investor cannot quickly understand the principle and practical application. Therefore, for investors, it is important to comprehensively analyze each factor influencing the option price change by simulating different market environments (rising and falling) and different transaction scenarios (buyer and seller) respectively by combining each factor through an intuitive display mode, so as to facilitate understanding of the option price change in different market environments and different scenarios.
Disclosure of Invention
In order to solve the technical problem, the invention provides a device for analyzing and displaying three-dimensional factors of option interest.
The purpose of the invention is realized by the following technical scheme:
an option fund three-dimensional factor analysis display device comprises: the price indicating rod of the gold, the price indicating rod of the object, the time value loss rod and the fluctuation rate indicating rod.
Specifically, the right price indication lever is a red long link representing the option price.
Specifically, the right price indicating rod is based on the left spindle center.
Specifically, the subject price indication lever is a red short link indicating whether the subject price change direction coincides with the corresponding option price direction.
Specifically, the time value loss rod is a yellow short link representing time value.
Specifically, the fluctuation ratio indicating rod is a blue short link representing the fluctuation ratio.
The invention has the following beneficial effects:
the three-dimensional factor analysis and display device for the option gold has the advantages of novel and compact structure, convenience in use, convenience in production, low cost and small occupied area, visually and intuitively embodies the three main factors influencing the option price, and intuitively displays the mutual influence relationship of the factors to investors, so that the investors can conveniently understand the option change characteristics, and the future data change can be favorably predicted.
Drawings
The invention is further illustrated by the following figures and examples.
Fig. 1 is a schematic diagram of four basic strategies for option trading;
FIG. 2 is a schematic structural diagram of an option gold three-dimensional factor analysis display device according to the present invention;
FIGS. 3a and 3b are schematic views of a price indicating bar for the right gold;
FIGS. 4a and 4b are schematic views of a price indicating rod of an object;
FIG. 5 is a schematic view of a time value loss bar;
FIGS. 6a and 6b are schematic views of a wave rate indicating lever;
7a-7d are schematic diagrams of simulation of call options by an analytical presentation device of the present invention;
8a-8d are schematic diagrams of simulation of call drop options by an analytical display device of the present invention;
FIGS. 9a-9d are schematic diagrams of simulated selling of call options via the analytical presentation device of the present invention;
fig. 10a-10d are schematic diagrams of simulation of a put option by the analysis demonstration apparatus of the present invention.
Detailed Description
The present invention will be described in detail with reference to examples. The following examples will assist those skilled in the art in further understanding the invention, but are not intended to limit the invention in any way. It should be noted that it would be apparent to those skilled in the art that several modifications and improvements can be made without departing from the inventive concept; all falling within the scope of the present invention.
There are several difficulties in the learning of options, one is to understand the difference between the buyer and the seller, especially to specify the right fund profit scenario of the option buyer and the seller when dealing with real disk.
Options are divided into two categories, 1, call option (call option) is the right to buy or hold multiple lots at a contracted price on a particular property (including securities, commodity indices, or futures contracts) on or before a specified date; 2. a put option is the right to sell or hold a void at a contracted price for a particular asset on or before a specified date.
The basic concepts involved in option trading are as follows:
the buyer: the buyer of the option contract has the option to choose to pick up (call options) or deliver (call options).
A seller: the option seller is an obligator and must choose to be another party if the option buyer chooses to pick up or to deliver.
In the option transaction, the buyer owns the right and the seller owns obligations.
The subject matter is: the property that is traded in the terms of the option contract is referred to as the subject property or subject matter.
The method comprises the following steps: the entitlement funds are the cost to the buyer to obtain the right. The price of the right money is determined by the supply-demand relationship, and the buyer and seller compete in the market for bids and when the bid price and the sell price agree, a trade is made.
Referring to fig. 1, option trading has four basic strategies.
Two features of the option: 1. options buyers assume limited risk but obtain unlimited potential benefits; 2. the option seller assumes an unlimited potential risk but receives limited revenue.
The gold variation characteristic: 1. in option buyer trading, whether buying an call option or a call drop option, an entitlement is expected to rise; 2. in an option seller transaction, whether to sell a call option or a call drop option, the entitlement is expected to decline;
the factors affecting the option entitlement are analyzed as follows:
according to the blake-scoles model, 5 variables for calculating the theoretical value of options are:
option execution price
Current market price of the contracted bid
Third fluctuation ratio of contract
(iv) remaining expiration time
Risk-free interest rate during the option life.
In combination with experience of real disk operations, the execution price of the option, the current market price of the subject contract can be classified as the price change of the subject matter; the remaining expiration time corresponds to the time value of the option; the risk-free interest rate during the option life cycle has little effect on real disk transactions and is therefore ignored in real disk transactions. Through integration, the elements that affect the option price can be simplified as: target price direction, volatility, time value.
The influence of these three dimensions on the option gold is as follows:
1. price of the subject matter: (Direction of Change of price of subject matter)
A. The price of the subject increases without considering other factors: it is advantageous to buy call in options and sell out call in options. The right to buy the call is increased and the right to sell the call is decreased.
B. The price of the object is reduced, and under the condition of not considering other factors: it is beneficial to buy a fall option and sell a rise option. The right to buy a call is increased and the right to sell a call is decreased.
2. Fluctuation ratio:
A. the buyer: the fluctuation rate rises, without considering other factors: is beneficial to the buyer. Buying an call, buying a right to fall, is going up.
B. A seller: the fluctuation rate decreases, without considering other factors: is beneficial to the seller. The right to sell call options, the right to sell call options declines.
3. Time value:
A. the buyer: the time value is decreased, and under the condition of not considering other factors: is unfavorable for the buyer. Buy call options, buy fall options.
B. A seller: the time value is decreased, and under the condition of not considering other factors: is beneficial to the seller. The put call option right is sold, and the put option right is sold down.
Referring to fig. 2, the present invention provides an option fund three-dimensional factor analyzing and displaying device, including: the price indicating rod of the gold, the price indicating rod of the object, the time value loss rod and the fluctuation rate indicating rod.
The right gold price indication rod is a red long connecting rod representing option price; the price indication rod of the right gold is provided with a left spindle center as an origin, can be inclined upwards and downwards, and represents the price rise of the right gold when the right gold is inclined upwards (figure 3 a); when tilted downward, it represents a drop in the price of the right gold (fig. 3 b).
The subject price indication bar is a red short link indicating whether the direction of change of the subject price coincides with the direction of the corresponding option price. Upward represents that the price of the object is consistent with the direction of the corresponding option price, and the inclination represents the magnitude of the profit in the direction (figure 4a) (the opposite direction of the seller: upward represents that the price of the object is inconsistent with the direction of the corresponding option price, the right money loss); the downward direction represents that the subject price is not in accordance with the direction of the corresponding option price, and the inclination direction represents the size of the fall in the directional deficit price when the direction is not in accordance (fig. 4b) (the opposite direction of the seller: the downward direction represents that the subject price is in accordance with the direction of the corresponding option price, and the right money is won).
The time value loss bar is a yellow short bar representing the time value. Since the time value is lost for both the call and the call options, the time value loss bar can only be oriented downward, with the slope representing the magnitude of the time value loss value (fig. 5).
The wave rate indicating bar is a blue short bar representing the wave rate. Upward represents the rise of the fluctuation rate, and the inclination represents the size of the rising fluctuation rate value (fig. 6 a); downward represents the decrease in the fluctuation ratio and the inclination represents the magnitude of the decreasing fluctuation ratio value (fig. 6 b).
The following shows how the profit scenarios of options buyers and sellers are simulated using the analytical presentation apparatus of the present invention:
in the invention, the right price indicator bar is used for representing the income scenes of option buying and selling parties:
firstly, a buyer:
the gold price indicator bar is tilted upward to represent a profit for the buyer;
the gold price indicator bar is inclined downwards and represents the loss of the buyer;
the following will be made in conjunction with the accompanying fig. 7-8 for a comprehensive analysis of the multifactor:
1. buying a call option:
the price of the object is increased, the fluctuation rate is increased, and the time value is lost (fig. 7a), which represents that the preplanning option has great superiority and is an ideal state of the transaction;
the price of the object is increased, the fluctuation rate is reduced, and the loss time value (fig. 7b) shows that the purchase expansion option has little dominance, whether the fluctuation amplitude of the object can exceed the loss caused by reducing the fluctuation rate or not is judged, and if the fluctuation amplitude of the object cannot exceed the loss caused by reducing the fluctuation rate, the loss is caused on the whole;
the price of the object falls, the fluctuation rate rises, and the loss time value (fig. 7c) shows that the direction is wrongly seen, and the fluctuation rate rise only reduces the loss;
the price of the object drops, the volatility decreases, and the loss time value (fig. 7d), which indicates that all factors are adverse and rapidly lost.
2. Buying a fall option:
the price of the object falls, the fluctuation rate rises, and the loss time value (fig. 8a) shows that the advantage of the buy-in put option is the maximum at this time, and the price is an ideal state of the transaction;
the price of the object falls, the fluctuation rate is reduced, and the loss time value (fig. 8b) shows that the purchase plan option has little advantage, and whether the fluctuation amplitude of the object can exceed the loss caused by reducing the fluctuation rate or not is judged, if not, the loss is caused on the whole;
the price of the object rises, the fluctuation rate rises, and the loss time value (fig. 8c) shows that the direction is wrongly seen, and the fluctuation rate rise only reduces the loss;
the price of the target increases, the fluctuation rate decreases, and the loss time value (fig. 8d) shows that all the factors are unfavorable and rapidly lost.
II, the seller:
the right gold price indication rod is inclined downwards to represent the seller for profit;
the right gold price indicator bar is tilted upward, representing a seller loss;
the following will be made by taking the following figures 9-10 into consideration for the comprehensive analysis of the multi-factors:
1. selling call options:
the price of the subject matter is lowered, the fluctuation rate is increased, and the receiving time value (fig. 9a) shows that the advantage of the selling expanding option is not large, whether the falling amplitude of the subject matter can exceed the loss caused by the fluctuation rate is judged, and the increase of the fluctuation rate influences the profit of the selling option;
the price of the subject item drops, the fluctuation rate decreases, and the value of the time to collect (fig. 9b) indicates that the option to sell has the greatest advantage, which is an ideal state for trading;
the price of the object rises, the fluctuation rate decreases, and the collection time value (fig. 9c) shows that the direction is wrongly seen, and the fluctuation rate decreases only to reduce the loss;
the price of the object is increased, the fluctuation rate is increased, and the value of the collection time is shown (figure 9d), and the key factors are unfavorable and rapidly lost.
2. Sell put options:
the price of the subject matter is increased, the fluctuation rate is increased, and the receiving time value (fig. 10a) shows that the advantage of the put option is not large, whether the rising amplitude of the subject matter can exceed the loss caused by the fluctuation rate is judged, and the rising of the fluctuation rate influences the profit of the put option;
the price of the object is increased, the fluctuation rate is reduced, and the value of the receiving time is obtained (figure 10b), which shows that the advantage of the selling call option is the maximum at this time and is an ideal state of the transaction;
the price of the object falls, the fluctuation rate decreases, the collection time value (fig. 10c) shows that the direction is mislooked, and the fluctuation rate decrease can only reduce the loss;
the price of the subject dropped, the volatility increased, and the value of the time to harvest (fig. 10d), indicating that all key factors were adverse and rapidly lost.
The foregoing detailed description of the preferred embodiments of the invention has been presented. It will be understood by those skilled in the art that the present invention is not limited to the embodiments described above, which are merely illustrative of the principles of the invention, but that various changes and modifications may be made without departing from the spirit and scope of the invention, which fall within the scope of the claims. The scope of the invention is to be determined by the following claims.
Claims (10)
1. An option right gold three-dimensional factor analysis display device is characterized in that: the option entitlement three-dimensional factor analysis and display device comprises: the price indicating rod of the gold, the price indicating rod of the object, the time value loss rod and the fluctuation rate indicating rod.
2. The three-dimensional factor analysis display device of option gold according to claim 1, wherein the option gold price indication rod is a red long connecting rod representing option prices.
3. The three-dimensional element analysis and presentation device of option gold according to claim 3, wherein the price indication rod of option gold is with the left spindle center as the origin.
4. The three-dimensional factor analyzing and displaying device of option gold according to claim 3, wherein the price indication rod of option gold represents that the price of option gold rises when it is tilted upwards and falls when it is tilted downwards.
5. The three-dimensional factor analysis display device of option gold according to claim 1, wherein the target price indication rod is a red short link rod representing whether the target price change direction is consistent with the corresponding option price direction.
6. The three-dimensional factor analysis display device of option gold according to claim 5, wherein the target price indicator bar is upward to represent that the target price is consistent with the direction of the corresponding option price, and the inclination represents the profit value; the object price indicating rod downwards represents that the object price is inconsistent with the corresponding option price in direction, and the inclination represents the reduction value of the loss object price.
7. The three-dimensional factor analysis and presentation device of options gold according to claim 1, wherein the time value loss rod is a yellow short link representing time value.
8. The apparatus for analyzing and displaying three-dimensional factors of option gold according to claim 7, wherein the time value loss rod is downward and the inclination represents the time value loss value.
9. The three-dimensional factor analyzing and displaying device of claim 1, wherein the fluctuation rate indicating rod is a blue short link rod representing the fluctuation rate.
10. The three-dimensional factor analyzing and displaying device of claim 9, wherein the fluctuation rate indicating rod is upward to represent the rising of fluctuation rate, and the inclination represents the rising fluctuation rate value; the downward direction of the fluctuation rate indicating rod represents the decrease of the fluctuation rate, and the inclination represents the size of the decreased fluctuation rate value.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CN202111044901.7A CN113763838A (en) | 2021-09-07 | 2021-09-07 | Three-dimensional factor analysis display device for option entitlement |
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| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CN202111044901.7A CN113763838A (en) | 2021-09-07 | 2021-09-07 | Three-dimensional factor analysis display device for option entitlement |
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| CN113763838A true CN113763838A (en) | 2021-12-07 |
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Citations (9)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| CN1901000A (en) * | 2006-04-28 | 2007-01-24 | 潘元泉 | Combined teaching tool and its combined demonstration method |
| CA2670148A1 (en) * | 2006-01-27 | 2007-08-02 | Jupiter International (Australia) Pty Ltd | A mass customisable interactive, multi-faceted system for data collection, processing, analysis, transmission, and trading in securities |
| US7401042B1 (en) * | 2001-03-12 | 2008-07-15 | Robert Pisani | Method for profiling options |
| US20180189884A1 (en) * | 2016-12-30 | 2018-07-05 | Cyrus Hale Afshar | Earth Invest Score for Interest Rates |
| CN108369713A (en) * | 2015-08-27 | 2018-08-03 | 优择私人有限公司 | Interactive option trade graphic user interface and its generation system |
| US20190220929A1 (en) * | 2018-01-17 | 2019-07-18 | Financialcad Corporation | Methods and systems for estimating option greeks |
| CN209879907U (en) * | 2019-01-04 | 2019-12-31 | 王文芳 | Demonstrator for trigonometric function teaching |
| CN211294397U (en) * | 2020-03-27 | 2020-08-18 | 郑州科技学院 | Differential teaching demonstration model |
| CN113223382A (en) * | 2021-05-17 | 2021-08-06 | 曲靖师范学院 | Advanced mathematical function figure teaching assistor |
-
2021
- 2021-09-07 CN CN202111044901.7A patent/CN113763838A/en active Pending
Patent Citations (9)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US7401042B1 (en) * | 2001-03-12 | 2008-07-15 | Robert Pisani | Method for profiling options |
| CA2670148A1 (en) * | 2006-01-27 | 2007-08-02 | Jupiter International (Australia) Pty Ltd | A mass customisable interactive, multi-faceted system for data collection, processing, analysis, transmission, and trading in securities |
| CN1901000A (en) * | 2006-04-28 | 2007-01-24 | 潘元泉 | Combined teaching tool and its combined demonstration method |
| CN108369713A (en) * | 2015-08-27 | 2018-08-03 | 优择私人有限公司 | Interactive option trade graphic user interface and its generation system |
| US20180189884A1 (en) * | 2016-12-30 | 2018-07-05 | Cyrus Hale Afshar | Earth Invest Score for Interest Rates |
| US20190220929A1 (en) * | 2018-01-17 | 2019-07-18 | Financialcad Corporation | Methods and systems for estimating option greeks |
| CN209879907U (en) * | 2019-01-04 | 2019-12-31 | 王文芳 | Demonstrator for trigonometric function teaching |
| CN211294397U (en) * | 2020-03-27 | 2020-08-18 | 郑州科技学院 | Differential teaching demonstration model |
| CN113223382A (en) * | 2021-05-17 | 2021-08-06 | 曲靖师范学院 | Advanced mathematical function figure teaching assistor |
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Application publication date: 20211207 |