Zarz Ryz Finans R1256

356 Zarządzanie ryzykiem finansowym

Przykład 12.1

Jak czytać notowania opcji?

Reprodukujemy poniżej fragment notowań opcji akcyjnych, które zostały opublikowane w „The Wall Street Journal” w poniedziałek 26 lipca 1993 r. Notowania te dotyczą zamknięcia poprzedniego dnia sesyjnego, tzn. piątku 23 lipca.

06 THE WALL STREET JOURNAL MONDAY, JULY 26, 1993

USTED OPTIONS QUOTATIONS

Frlday, Juty 21 TO3 Voktme. ctote, net change and ocen łnłerest of Ihc 1.400 most edlve equlty and 100 most actlve łono-ferm contracti. Volume figurę* are unottldal. Opon interes! li total outstand-lr*o for Ali exchanoes and reflecti prevloui Iradlno day. ca-Chlcaoo Board Optkms EKChange. AM-American stock Exctianga. PB-PtilladełpWa Stock Exchange. PC-PacIfk Stock Exchanoe. NY-New York Stock Ex change. a-Underlylno stock on primary market. c-Call. p-Put.

Oatlan/strike Caterp Aug Colerp Aug Caterp Sap Caterp Sep Caterp Auo Caterp Aug CelIPro Aug ChamDv Jan ChamDv Sep Chase Aug Chase Sep nuto

75 75 75 75 eo 80 22% 5 5 30 30 Yl

P D 0 P

yeUBcck 1.166 AM 83 AM 205 AM 728 AM 1.383 AM 257 AM $0 CB 62 CB BO CB 120 AM 157 AM Pin am

MOST ACTIVE CONTRACTS

Ne*

Odm

Chase

Dec

30

P

55 AM

Optk>ny5trH{e

V«IExcl

Checkp

Aug

»)

O

115 PC

TclMfK

A 00 50

6,614

CB

1% + a*

49%

22.466

Checkp ChemBk

Nov Aug

12* 40

100 PC 229 AM

TelMex

AOO 45

p

5,1//

Ul

% - 1

49%

13.093

ChemBk

Aug

40

D

100 AM

EleArt

Sep 30

4,101

CB

28 V»

637

ChemBk

Dec

40

100 AM

l B M

Aug 40

0

3,934

CB

i* + v»»

42'A

11.587

ChemBk

Dec

40

p

70 AM

1 B M

Aut? 45

3,232

CB

**/H- */u

42'A

9,718

Chevrn

AUO

fl5

p

50 AM

CitlCD

Dcl 30

O

7,/6/

CB

1* - V*

3114

10.918

Cbevrn

Sep

05

229 AM

Micsrt

OCI 15

7.WI

PC

IV* - %

//W

1,313

Chevrn

Sep

85

P

204 AM

TelMcx

Aug 50

ZSJ7

AM

1% + »>/*

49%

22,466

Chevrn

Aug

90

380 AM

1 B M

Aug 45

P

2,2/1

CB

3VŁ + W*

42'A

13,871

Chevrn

Dec

90

83 AM

Disney

Od 35

P

2,161

AM

"/u- VH

39'A

3,374

Ćhevrn

Dec

95

108 AM

Disney

Sep 40

2,065

AM

1% + 1

39'A

177

Chlron

Od

45

120 AM

Inło!

Au© 55

1.981

AM

% + %

5114

10,450

Chlron

Jan

50

05 AM

TelMex

Sep 45

P

I.U3

CB

% - %

49'A

392

Chlron

Aug

55

p

105 AM

TelMex

Nov 45

P

1,122

CB

1* - «/»»

49'A

4.722

Chlron

Jan

60

P

66 AM

Comooo

Aug 50

P

1,493

PC

2V*» - “/m

50*

3.444

Chlron

Aug

60

507 AM

Disney

Aug 40

1,628

AM

'Vm+ V*

J9'A

5,539

Chlron

Aug

60

92 CB

Compaą

Aug 50

1-5-21!

PC

2% 4 %

50W

6.593

Chlron

Aug

60

P

313 AM

IBM

Aog 50

1,48/

CU

* - V*

42'A

15,941

Chlron

Sep

60

p

80 AM

Caterp

Aug $0

I.J&l

AM

2 + %

•0'A

1.211

Ćbłron

Aug

65

454 AM

MedcoC

Aug 30

1.352

PC

J* 4 ?/H

29

1,914

Chlron

Aug

65

166 CB

I 8 M

oct 45

I.JI5

CB

1“/h - Vm

42'A

7,231

Chlron

Aug

65

p

298 AM

1 B M

OCt 40

P

1,264

CB

IWu + VH

42'A

6,569

Chlron

Aug

65

P

125 CB

G M

AUO 50

1,213

CB

V»r */«

4614

6.199

Chlron

Aug

65

p

50 PC

1 8 M

Oct 50

1,161

CB

V- %

42'A

13,654

Chlron

Sep

65

55 AM

Caterp

Aug 75

1.166

AM

5V. + 1%

CO‘A

761

Chlron

Aug

70

665 AM

Chlron

Aug

/O

60 PC

Chrvslr

Jan

40

62 CB

Chmir

Aug

40

572 CB

Chryslr

Aug

40

0

195 CB

-A-H-

C-

ClirysJr

sep

40

P

212 CB

A Hess

Aug 50

60

PB

% + %

49Mi

396

Chryslr Chryslr

Od Jan

40 45

117 CB 102 CB

A Hess

Aug 50

P

100

PB

1% - 1%

49H

251

Chryslr

Aug

45

393 CB

AMD

Aug 22%

P

114

PC

Vh+ •/#

24*

1,846

Chryslr

*83

45

p

105 CB

AMR

Aug 40

55

AM

6% + %

65*

1,160

C.hrvslr

45

99 CB

AMR

Aug 40

P

60

AM

J/U - .'4.

65*

2,278

Chryslr

Aug

50

198 Ć8

AMR

Aug 65

114

kM

*/» ♦

65*

3,156

Chryslr

Od

50

226 CB

AMR

Aug 45

P

1JI

AM

1% + 35

65*

2,146

cinMli

Aug

70 PB

AMR

Aug 70

W

AM

*-*- »/l*

65*

5,761

ClrCty

Aug

30

47 PC

ASA

Aug 50

/y

AM

♦/** - %

46

3,926

Clrcus

Aug

50

p

52 AM

ABrrck

Jan 25

103

AM

3 + %

24'A

4.312

Ćlrcus

Auo

55

101 AM

ABrrck

Aug 25

66

AM

«/»- *

24*

2.657.

Clrrus

Sep

15

p

50 CO

ADT

Aug 5

50

CB

3*

8*

Clrrw

Dec

IS

P

100 PC

ADT

Aug 7%

P

/5

CB

•A

8*

Clrrus

Dec

15

P

100 CB

ADT

Aug 7%

P

75

NY

'A

B*

Clrrus

Auo

17*

125 CB

AlnGrp

Aug 130

50

CB

9 -t- 1%

38*

561

Clrrus

Aug

201 CB

ALC Cm

Aug 20

80

AM

3% + "/i*

23*

218

Clrrus

Aug

20

50 NY

ALC Cm

Aug 22%

65

AM

1*4- ^?/i*

23*

181

Cirrus

AUO

20

188 CB

AMedHI

Aug 12%

80

PB

•A - 'A

12*

92

Clrrus

Aug

20

285 PC

APvirCv

Aug 35

3/3

CB

6 + 1'A

40*

462

Clrrus

Aug

20

P

206 CB

APwrCv

Sep 35

85

CB

7 + 34

40’A

638

Clrrus

Sep

20

116 CO

APwrCv

Sep 35

P

110

CB

IVu - %

40*

692

Clrrus

Sep

22*

47 CB

APwrCv

Aug 40

'204

CB

2% + *

40*

1,046

Cisco

Aug

45

50 PC

APwrCv

Aug 40

P

53

CB

2% - 56

40*

472

Cisco

Aug

45

166 CB

APwrCv

Sep 40

K)l

CB

33. +

40*

1.368

CISCO

Aug

50

1,114 C8

APwrCv

Sep 40

P

163

CB

314 - A

■«*

31

Cisco

Aug

50

p

86 CB

APwrCv

Sep 45

86

CB

1% + A

40*

236

Cisco

Od

50

154 CB

AST Rs

Aog 17*

10(1

AM

W + A

I5>A

1,222

Aug

55

102 PC

AT&T

Od 55

P

/6

CB

'A

63*

3,334

Cisco

55

74B CB

AT&T

Aug 40

P

156

CB

% + 'A

6J*

1,741

Cisco

Sep

55

47 C^r

AT&T

Oct 40

125

CB

4V* - *

63*

4,795

Cisco

Aug

60

184

AT&T

Oct 40

P

'2/8

CB

1 +• %

63*

2,327

Cisco

Aug

60

p

10r

AT&T

Jan 45

352

CB

%- Vi»

6J*

3,919

Cisco

sep

60

AT&T

Aug 45

44/

CB

’Vu - '/u

63*

5,029

Cisco

od

60

AT&T

Sep 45

80

CB

PA - 16

63*

142

CU ko

20

t

AT&T

Od 65

1 IB

CB

1% - 'A

63*

5,476

Ćllko

25

AT&T

Sep 70

212

CB

‘A - Vi*

63*

54

Cliko

Jan

25

AT&T

OCt 70

16*

CB

'A - ’/M

63*

189

Clllcp

Oct

AObt L

FeP 25

P

65

PB

lik - *

25*

156

Cllkó

AOPt L

Nov 30

fi

PB

Mi 4- »/u

WA

2,232

riHcp

Jt

Auo 30

P

45

CB

l»/w4- »/»

31A

213

CUlCD

Aug 20

144

AM

4 4- l*/i*

23'A

232

Clllcp

50

AM

V. - */u

23%

321

r»-

i * %

23*

9to

Lail Cbfl a-CI«Mi In*

5* +	1%		761
* -	1%	80%	747
4* -	%	•0%	4
1* -	V.	80’A	149
2 +	*	80%	1.211
2* -	1*	80%	305
* +	Vh	20%	78
% a	'/u	a*	100
*/i* +	*/»4	4%	65
2* -	%	32*	739
2*		32*	5.7.6
”/1# 4-	Vu	32*	13,659
1Vi		32*	3.230
% -	*	W%	45
VU-	V*	10%	235
1%		40%	1,932
1 -	*	40%	944
2% -	%	40%	1.203
2* -	*	40%	862
1% -	*	87*	1,516
3* +	*	17*	2,205
1% -	*	87*	667
Vh +	v«*	87*	1,457
2* +	%	87*	682
1% +•	*	87*	80
21 +	2%	65	189
IB* +	1*	65	43
VM +	'/»	65	339
5% +	*	65	117
6* -	1*	65	832
7* -	*	65	832
1 +	'/u	65	215
vu +	‘/u	65	34
VU -	1	65	1.683
3 -	*	65	1,683
3 +	%	65	187
3		65	187
2* +	*/u	65	117
4* -	Vt	65	32
V/a -	*	65	413
1 -	Vu	65	413
8 -	*	45	1.200
5* +	*	45	2,450
*		45	781
'& +		45	131
	vi	45	5,401
S		45	2,707
1% +		45	6.702
1* -	%	45	7,296
3% -	*	45	5,113
* -	'/!»	45	8,642
1* -	*	45	4,290
I*		22	29
* 4	%	28*	190
V/a +	%	S2*	69
1* +	%	52*	433
* -	*	19	53
VA		19	20
1% -	*	19	20
2* 4	*	19	625
'*/** -	Via	19	269
IV* 4	y»	19	338
l'/4 4	Via	19	336
1% 4		19	338
2 -		19	50
2 +	*	19	524
1 4		19	113
8* 4	1*	52%	1,7^7’
«* 4	2%	52%
5'/i + l'V» -	1% >>•

Oplton/itrlUo				VglExch		LOIt C
FNM	Sep	75	p	109	PB	VH -
FNM	Aug	85		59	PB	% +
FNM	Aug	85	p	60	PB	3* -
FNM	Sep	85		101	PB	1’Vw 4
FNM	Sep	90		3C0	PB	V* +
FHLB	Jan	60		90	AM	TO
Flntjtc	Aug	65	p	50	CB	2* -
FM Cep	Mar	22* o		500	PB	2»/u +
FM CCC	Mar	25		129	PB	2%
FM Cc®	Sep	25		212	PB	Vu -
FMCop	Oac	25		100	PB	1* -
FM Cep	Dec	30		115	PB	to;
FUnloo	Aug	45	p	160	PC
FedDSt	Sep	22* 0		50	CB	i% +
FedExp	Jan	55		45	CB	5 -
FedExp	Od	55		96	CB	3* 4
FleetC	Aug	30		142	CB	1* -
FleetC	Sep	30		61	CB	2*
FleetC	Auo	35		62	CB	*
FleetC	Nov	35		94	CB	IV
Ford	Aug	50		793	CB	r
Ford	Aug	50	p	419	CB
Ford	Sep	50		53	CB
Ford	Sep	50	p	138	CB
Ford	Dec	50		102	CB
Ford	Aug	55		66	CB
Ford	Sep	55		112	CB
ForstL	Sep	40	p	60	CB
FostWh	Oct	30		93	PC
FounHI	Aug	25	p	110	AM
FounHl	Aug	30		60	AM
FounHI	Aug	30	p	125	AM
FounHl	Aug	35		233	AM
FounHl	Aug	40		82	AM
FounHl	Sep	40		62	AM
FrMcRP	Aug	20		51	AM
FrMcRP	Sep	20		91	AM
FrMcRP	Dec	20		135	AM
Frultl	Aug	25	p	54	NY
FrultL	Aug	30	p	1.165	NY
FrultL	Sep	30		103	NY
FrullL	Aug	35		50	NY
FrollL	Aug	35	p	i	NY
FrultL	0$	40			NY
FshScl		25		300	CF
FshScl FtPCNt	Od Aug	75 15	p D	300 210	Cl P
				-G	i-
GM	Aug	40	P	55	t
GM	sep	40		760
GM	Sep	40	P	300
GM	Dec	40		4'
GM	Mar	45
GM	Aug	45
GM	Aug	45	P
GM	Sep	45
GM	Sep	45
GM	Dec	45
G M	Aug	y
G M	Aug
G M	Ser
GM GTE	r
GIF C- ~