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金融期权的特点与定价问题讨论


全文字数:6500字左右  原创时间:<=2022年

【内容摘要】

金融期权既能有效地转移金融风险,又能保护投资者的资金安全,使其立于不败之地,因此是一种最具特色和最有发展前途的金融创新工具。本文通过对金融发展进程的介绍,从而导出金融期权产生的背景和特点。期权的定价模型,一直被认为期权理论中的一个难点。很多书本都只对它进行简单介绍,或者使用大量数学推导讲得过深。本文从B-S定价模型和二叉树定价模型两种方法来对金融期权定价问题进行探讨,从而为大家介绍金融期权,为大家日后对金融期权的学习打下基础。 金融期权在当前金融交易中最具特色。它既能有效地转移金融风险,又能保护投资者的资金安全,使其进退自如,立于不败之地,所以被人誉为金融工程中的核心工具。
关键词:金融期权;Black-Scholes 定价法;二叉树期权定价法;欧式期权;
The discussion of Financial options’ characteristics and pricing problems
Abstract: Financial options can effectively transfer the financial risk,it also can help investors protect the safety of their fund and make them in the invincible position. So is one of the most distinctive and the most promising financial innovation tools. Based on the introduction of financial development, we talk about the background of financial option’s production and its characteristics. Option pricing model, has long been considered one of difficulties in the options theory. Many books are only for its simple introduction, or use too many mathematical derivations to know. Here we use both of the B - S pricing model and binomial-tree pricing model to discuss financial option pricing issues. Through this paper we introduce the financial options for everybody, which will help us lay the foundation of financial options learning.
Financial option has the most characteristic in the current financial trading. It can not only effectively transfer financial risks, and can protect the safety of fund investors, and invincible, so is the core tools as financial engineering.
Key words: Financial options;Black-Scholes option pricing method;Binary tree option pricing method; European style option;

 

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