SILVER-Hedging ist compliciert, aber machbar; meint jeden Falles Larry D. SPEARS (ich persönlich halte davon überhaupt GAR nichts):
Money Morning, March 17, 2011 Tips for Hedging SILVER By Larry D. SPEARS:
"Here's what you'd do, using the futures and options prices quoted at the market close on March 1:
HOLD your May Comex silver futures contract, currently priced at $34.780 per ounce, making it worth $173,900.
BUY a May silver put option with an at-the-money strike price of $34.50, which was priced at $1.953 per ounce, meaning it would cost a total of $9,765. (Note: For simplicity's sake, we're ignoring commissions, but they shouldn't run more than $15 per option at the most.)
OFFSET part of your cost for the $34.50 put by selling an out-of-the-money May $32.00 put option, which was priced at $0.905, or $4,525 for the full contract. There would be no margin requirement for the sale of this option since it would be "covered" by your long $34.50 put with its higher strike price.
OFFSET nearly all of the rest of the cost of the $34.50 put by selling an out-of-the-money May $37.00 call option, which was priced at $0.986, or $4,930 for the full contract. Again, there would be no margin requirement for this sale since the short call option would be "covered" by the long futures contract.
The END result is a three-pronged option hedge -- positioned at a net cost of just $310 ($9,765 - $4,525 - $4,930 = $310) -- that would have the following characteristics"...
SOURCE / LINK / QUELLE dieses reichlich unpracticablen Constructes: http://seekingalpha.com/article/...ips-for-hedging-silver?source=feed ----------- Den Vorhang AUF, der Krimi geht weiter... |