
pette vyaapti

options tradinglo, baaks spread anedi oka nirdishta (i.ii., pramaadarahita) chellimpu, kevalam "delta tatastha vaddii raetu sthaanam" gaa pariganinchabadutundi. udaaharanaku, calls nundi nirminchina eddunu (udhaa.zii.podavaina 50 coll, chinna 60 coll) puts nundi nirminchina elugubanti spreadtho kalipi (udhaa.zii., podavaina 60 putt, chinna 50 putt) vyayamam dharala vyatyaasam yokka sthiramaina pratiphalaanni kaligi untundi (udhaa.zii. 10) empikala gaduvu mugiselopu antarleena stock ex-dividendga velladani bhavinchandi. antarleena aastiki x dividend unte, appudu pette yokka sthirapadina viluva 10 + x avutundi. madhyavartitvam laeni bhavana prakaram, eee sthaanaanni pondadaaniki chellinchina nikara premium chellimpu yokka prastuta viluvaku samanamga undaali.
baaks spreads paeru antarleena empikala dharalu ullekhanamloni rendu niluvu varusalo deerghachaturasraakaara pettenu yerparustaayi anae vaastavam nundi vachindi. oka pratyaamnaaya paeru "elegator spread", idhi commission feezu dwara okari labhanni "tinadam" dwara vaatini teravadaaniki mariyu muusivaeyadaaniki avasaramaina pedda sankhyalo vyaparala nundi udbhavinchindi. 
baaks spreadlu saadhaaranamgaa european empikalatho matrame teravabadataayi, vaati vyayamam empika gaduvu mugise varaku anumatinchabadadu. american vanti chaalaa itara sailula empikalu takkuva anukuulamgaa untaayi, endukante avi okati ledhaa anthakante ekkuva "kaallu" mundugaane vyayamam chesthe vyaapaarulaku avaanchita pramaadaaniki guricheyavacchu.
nepathyam.
oka madhyavartitva karyakalapalanu khaataalo sunna balanceto praarambhamayye, t = 0 samayamlo laavaadaeveelanu praarambhinchae, mariyu t = t samayamlo laavaadaeveelanu vippinche kramaanni suuchimchavachchu, tadwara chivarilo migili unnadantaa balance avutundi, dheeni viluva b anedi kramaanni praarambhamlo khachitamgaa telustundi. lavadevi kharchulu lekapothe, b kii sunna kaani viluva anedi b yokka prastuta viluva sanukoolamgaa unte, ledhaa b yokka prastuta viluva pratikuulamgaa unte anni lavadevilato tiragabadi unte, kramaanni anusarinchadam dwara laabhapadataaniki madhyavartini anumatistundi. ayithe, market saktulu teravagala edainaa madhyavartitva vindolanu muusivaestaayi; anduvalla bii yokka prastuta viluva saadhaaranamgaa lavadevila kharchulanu cover cheyadaaniki sunna nundi taginantagaa bhinnamgaa undadu. bahula-kaalu vyaapti yokka teevramaina commission kharchula kaaranamgaa idhi saadhaaranamgaa "market tayaareedaaru/floor trader" vyuuhamgaa matrame pariganinchabadutundi. udaaharanaku, diguva udaaharana prakaram pette 20 dollarlu ayithe, pettenu 20 kante takkuva unna edainaa labham mariyu edainaa ekkuva unte, adhi anni pramaadaalanu nirodhistundi.
b kii sunna yokka prastuta viluva samanatva sambandhaaniki daariteestundi. rendu prasiddha samanatva sambandhaalu
suutram _ 1
suutram _ 3
eee rendu samanatva sambandhaala nundi vichalnalanu neerugaa upayoginchukovadamlo antarleena stock konugolu ledhaa ammakam untundi.
pette vyaapinchindi.
ippudu rendu ververu strike dharala formula _ 4 mariyu formula _ 5 vadda putt/coll parity sameekaranaanni pariganinchandi. manam oka sameekaranaanni marokati nundi teesivesthe stock dharalu adrusyamavutaayi, tadwara antarleena stacklo pettubadi pettalsina avasaram lekunda putt/coll parity ullanghananu dopidi cheyadaaniki veelu kalpistundi. oka vidhamgaa chesina vyavakalanam long-baaks spreadku anugunamgaa untundi; maroka vidhamgaa chesthe adhi chinna baaks-spreadnu istundi. podavaina pette-vyaapti kosam chellimpu rendu strike dharala madhya vyatyaasam avutundi, mariyu labham anedi taggimpu chellimpu nikara premiyamnu minchina mottam avutundi. samaanatvam kosam, labham sunnaga undaali. lekapothe, labham sanukoolamgaa unte podavaina pette-vyaapti ledhaa labham pratikuulamgaa unte chinna pette-vyaapti srushtinchadam dwara oka nirdishta labham untundi. [saadhaaranamgaa, taggimpu chellimpu nikara premium nundi konchem bhinnamgaa untundi, mariyu edainaa naamamaatrapu labham lavadevila kharchula dwara viniyoginchabadutundi.]
podavaina pette-vyaapti naalugu empikalanu kaligi untundi, adhe antima theedheetho oke antarleena aastipai. eee krindi pattikalo chuupina vidhamgaa vaatini rendu vidhaluga jatha cheyavachu (strike-dharala suutram _ 4 <suutram _ 5 nuu oohinchandi):
pattikanu addamgaa mariyu niluvugaa chadivetappudu, podavaina pette-vyaapti yokka rendu veekshanhalanu pondutaamu.
pattikanu vikarnamgaa chadavadam dwara podavaina pette yokka moodava veekshanhanu pondavacchu. podavaina pette-vyaaptini oka jatha strike dharala vadda podavaina gonthu kosinatlugaa chudavachu, formula _ 4 mariyu formula _ 5, alaage adhe jatha strike dharala vadda chinna gonthu kosinatlugaa chudavachu.
oka chinna pette-vyaaptini kooda idhe vidhamgaa chikitsa cheyavachu.
udaaharana.
udaaharanaku, prastuta dhara $100 unna stacklo moodu nelala empikanu pariganinchandi. vaddii raetu samvatsaraaniki 8 saatam mariyu asthirata samvatsaraaniki 30 saatam ayithe, appudu empikala dharalu ilaa undavachuhu
podavaina baaks-spread kosam prarambha pettubadi $19.30 avutundi. eee krindi pattika terminal stock dhara suutram _ 14 kosam moodu shreni viluvalaku 4 empikala chellimpulanu pradarsistundihi
tudi chellimpu viluva share dhara yokka tudi viluva nundi $20 swatantramgaa untundi. chellimpu yokka taggimpu viluva $19.60. anduvalla podavaina pettelo pettubadi pettadam dwara 30 sentla naamamaatrapu labham untundi.
praabalyam.
euro dollar futures paie empikala kosam chikago merchantile exchange marketlo chaapat mariyu ederington chesina sarvelalo 1999 mariyu 2000 madhya, trading valuemlo daadaapu 25 saatam sampoorna empikalalo, 25 saatam stradils mariyu niluvu spreadlalo (coll-spreadlu mariyu putt-spreadlu), mariyu sumaru 5 saatam strangleslo unnatlu telindi. dhairyam kevalam 0.01% matrame, mariyu pette-vyaapti inca takkuvagaa (sumaru 0.01%) undhi. vyaapti nishpatti 15 saataaniki paiga pattindi, mariyu sumaru oka dozenu itara parikaraalu migilina 30 saataanni teesukunnaayi.
robinhood sanghatana.
2019 janavarilo, redd ditt community/aarr/wallstreet bets sabhyudu commission-free options tradingnu andinche robinhood dwara vyaapti cheyabadina baxnu prayatninchadam dwara $5,000 mooladhanampai $57,000 kante ekkuva nashtanni grahinchaadu. [vyaapti] aksharala peragadu" anie modatlo nokkicheppina viniyogadaaru, athanu upayogistunna american empikalu vyayamam chese pramaadaanni kaligi unnayani grahinchaledu, mariyu idhi daani kaallaloo okadaaniki jariginappudu athani vyaapti puurtigaa ksheeninchindani grahinchaaru. (vyaapti teravadamtho athanu $212,500 varaku pramaadaaniki gurayyadu.) platformloni pettubadidaarulu ikapai baaks spreadlanu teravalerani robinhood taruvaata prakatinchindi, eee vidhanam october 2022 natiki amalulo undhi.

