论文部分内容阅读
期权是一种选择权,作为衍生金融工具的一种,期权的买方能够获得的收益是无限的,而期权卖方的损失也是无限的,既然期权定价有如此特点,那么怎样对期权进行定价才能够对买卖双方更加的合理呢?期权定价问题由此产生。在现代金融理论中期权定价已成为其重要的组成部分,关于期权定价的研究成果也层出不穷。目前有关期权定价的方法主要有三大类分别是:1.传统期权定价方法;2.Black-Scholes期权定价方法;3.蒙特卡罗模拟方法。文章就这三种方法进行阐述,以此来让我们更好地了解期权定价方法发展的过程。
An option is an option. As a kind of derivative financial instrument, the buyer can get unlimited returns and the loss of an option seller is infinite. Since the pricing of an option is so characteristic, how can the option be priced More reasonable for both buyers and sellers? Options arising from the issue of pricing. In the modern financial theory, option pricing has become an important part of it, and the research results on option pricing also emerge in an endless stream. At present, there are mainly three major methods for pricing options: 1. The traditional option pricing method; 2. Black-Scholes option pricing method; 3. The Monte Carlo simulation method. The article elaborates on these three methods, in order to let us better understand the development of the option pricing method.