7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 1/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P (+)Put
10 $ 10,000.00 $ ,000.00
11 $ !,000.00 $ ",000.00
12 $ #,000.00 $ ,000.00
13 $ ,000.00 $ %,000.00
1% $ ",000.00 $ 3,000.00
1 $ ,000.00 $ 2,000.001" $ %,000.00 $ 1,000.00
1 $ 3,000.00 $ &
1# $ 2,000.00 &$ 1,000.00
1! $ 1,000.00 &$ 2,000.00
20 $ & &$ 3,000.00
21 $ & &$ 3,000.00
22 $ & &$ 3,000.00
23 $ & &$ 3,000.00
2% $ & &$ 3,000.00
2 $ & &$ 3,000.00
2" $ & &$ 3,000.00
2 $ & &$ 3,000.00
2# $ & &$ 3,000.00
2! $ & &$ 3,000.00
30 $ & &$ 3,000.00
31 $ & &$ 3,000.00
32 $ & &$ 3,000.00
33 $ & &$ 3,000.00
3% $ & &$ 3,000.00
3 $ & &$ 3,000.00
3" $ & &$ 3,000.00
3 $ & &$ 3,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 2/29
S (&)Put U/P
10 $13,000.00 &$10,000.00
11 $12,000.00 &$ !,000.00
12 $11,000.00 &$ #,000.00
13 $10,000.00 &$ ,000.00
1% $ !,000.00 &$ ",000.00
1 $ #,000.00 &$ ,000.001" $ ,000.00 &$ %,000.00
1 $ ",000.00 &$ 3,000.00
1# $ ,000.00 &$ 2,000.00
1! $ %,000.00 &$ 1,000.00
20 $ 3,000.00 $ &
21 $ 3,000.00 $ &
22 $ 3,000.00 $ &
23 $ 3,000.00 $ &
2% $ 3,000.00 $ &
2 $ 3,000.00 $ &
2" $ 3,000.00 $ &
2 $ 3,000.00 $ &
2# $ 3,000.00 $ &
$&
$2,000.00
$%,000.00
$",000.00
$#,000.00
$10,000.00
$12,000.00
$(12,000.00)
$(10,000.00)
$(#,000.00)
$(",000.00)
$(%,000.00)
$(2,000.00)
$&
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 3/29
10 1 20 2 30 3 %0
al vencimiento
U/P
10 1 20 2 30
U/P
U/P
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 4/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P (+)Put
10 $ 10,000.00 $ ,000.00
11 $ !,000.00 $ ",000.00
12 $ #,000.00 $ ,000.00
13 $ ,000.00 $ %,000.00
1% $ ",000.00 $ 3,000.00
1 $ ,000.00 $ 2,000.001" $ %,000.00 $ 1,000.00
1 $ 3,000.00 $ &
1# $ 2,000.00 &$ 1,000.00
1! $ 1,000.00 &$ 2,000.00
20 $ & &$ 3,000.00
21 $ & &$ 3,000.00
22 $ & &$ 3,000.00
23 $ & &$ 3,000.00
2% $ & &$ 3,000.00
2 $ & &$ 3,000.00
2" $ & &$ 3,000.00
2 $ & &$ 3,000.00
2# $ & &$ 3,000.00
2! $ & &$ 3,000.00
30 $ & &$ 3,000.00
31 $ & &$ 3,000.00
32 $ & &$ 3,000.00
33 $ & &$ 3,000.00
3% $ & &$ 3,000.00
3 $ & &$ 3,000.00
3" $ & &$ 3,000.00
3 $ & &$ 3,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 5/29
S (&)Put U/P
10 $13,000.00 &$10,000.00
11 $12,000.00 &$ !,000.00
12 $11,000.00 &$ #,000.00
13 $10,000.00 &$ ,000.00
1% $ !,000.00 &$ ",000.00
1 $ #,000.00 &$ ,000.001" $ ,000.00 &$ %,000.00
1 $ ",000.00 &$ 3,000.00
1# $ ,000.00 &$ 2,000.00
1! $ %,000.00 &$ 1,000.00
20 $ 3,000.00 $ &
21 $ 3,000.00 $ &
22 $ 3,000.00 $ &
23 $ 3,000.00 $ &
2% $ 3,000.00 $ &
2 $ 3,000.00 $ &
2" $ 3,000.00 $ &
2 $ 3,000.00 $ &
2# $ 3,000.00 $ &
$&
$2,000.00
$%,000.00
$",000.00
$#,000.00
$10,000.00
$12,000.00
$(12,000.00)
$(10,000.00)
$(#,000.00)
$(",000.00)
$(%,000.00)
$(2,000.00)
$&
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 6/29
10 1 20 2 30 3 %0
al vencimiento
U/P
10 1 20 2 30
U/P
U/P
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 7/29
Prima 1
K %! at t'e mone
212 milone *e arrile
S (+)P (+)S petrleo U/P Put Porta-olio (+
3 1% &1% 13 &13" 13 &13 12 &1
3 12 &12 11 &1
3# 11 &11 10 &1
3! 10 &10 ! &1
%0 ! &! # &1
%1 # &# &1
%2 & " &1
%3 " &" &1
%% & % &1
% % &% 3 &1%" 3 &3 2 &1
% 2 &2 1 &1
%# 1 &1 0 &1
%! 0 0 &1 &1
0 0 1 &1 0
1 0 2 &1 1
2 0 3 &1 2
3 0 % &1 3
% 0 &1 %
0 " &1
" 0 &1 "
0 # &1
# 0 ! &1 #
! 0 10 &1 !
"0 0 11 &1 10
"1 0 12 &1 11
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 8/29
)
30 3 %0 % 0
&20
&1
&10
&
0
10
1
20
.'art itle
(+)P (+)S petrleo U/P Put Porta-olio (+
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 9/29
"0 "
)
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 10/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P all
10 &$ 3,000.00 $ &
11 &$ 3,000.00 $ &
12 &$ 3,000.00 $ &
13 &$ 3,000.00 $ &
1% &$ 3,000.00 $ &
1 &$ 3,000.00 $ &1" &$ 3,000.00 $ &
1 &$ 3,000.00 $ &
1# &$ 3,000.00 $ &
1! &$ 3,000.00 $ &
20 &$ 3,000.00 $ &
21 &$ 2,000.00 $ 1,000.00
22 &$ 1,000.00 $ 2,000.00
23 $ & $ 3,000.00
2% $ 1,000.00 $ %,000.00
2 $ 2,000.00 $ ,000.00
2" $ 3,000.00 $ ",000.00
2 $ %,000.00 $ ,000.00
2# $ ,000.00 $ #,000.00
2! $ ",000.00 $ !,000.00
30 $ ,000.00 $10,000.00
31 $ #,000.00 $11,000.00
32 $ !,000.00 $12,000.00
33 $ 10,000.00 $13,000.00
3% $ 11,000.00 $1%,000.00
3 $ 12,000.00 $1,000.00
3" $ 13,000.00 $1",000.00
3 $ 1%,000.00 $1,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 11/29
S all U/P
10 $ & 3000
11 $ & 3000
12 $ & 3000
13 $ & 3000
1% $ & 3000
1 $ & 30001" $ & 3000
1 $ & 3000
1# $ & 3000
1! $ & 3000
20 $ & 3000
21 &$ 1,000.00 2000
22 &$ 2,000.00 1000
23 &$ 3,000.00 0
2% &$ %,000.00 &1000
2 &$ ,000.00 &2000
2" &$ ",000.00 &3000
2 &$ ,000.00 &%000
2# &$ #,000.00 &000
$(%,000.00)
$(2,000.00)
$&
$2,000.00
$%,000.00
$",000.00
$#,000.00
$10,000.00
$12,000.00$1%,000.00
$1",000.00
&"000
&000
&%000
&3000&2000
&1000
0
1000
2000
3000
%000
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 12/29
10 1 20 2 30 3 %0
al vencimiento
U/P
10 1 20 2 30
U/P
U/P
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 13/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P (+) all(+) all (&)
10 &$ 3,000.00 $ & $ &
11 &$ 3,000.00 $ & $ &
12 &$ 3,000.00 $ & $ &
13 &$ 3,000.00 $ & $ &
1% &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &1" &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &
1# &$ 3,000.00 $ & $ &
1! &$ 3,000.00 $ & $ &
20 &$ 3,000.00 $ & $ &
21 &$ 2,000.00 $ 1,000.00 $ &
22 &$ 1,000.00 $ 2,000.00 $ &
23 $ & $ 3,000.00 $ &
2% $ 1,000.00 $ %,000.00 $ &
2 $ 2,000.00 $ ,000.00 $ &
2" $ 3,000.00 $ ",000.00 $ &
2 $ %,000.00 $ ,000.00 $ &
2# $ ,000.00 $ #,000.00 $ &
2! $ ",000.00 $ !,000.00 $ &
30 $ ,000.00 $10,000.00 $ &
31 $ #,000.00 $11,000.00 &$ 2,000.00
32 $ !,000.00 $12,000.00 &$ %,000.00
33 $ 10,000.00 $13,000.00 &$ ",000.00
3% $ 11,000.00 $1%,000.00 &$ #,000.00
3 $ 12,000.00 $1,000.00 &$10,000.00
3" $ 13,000.00 $1",000.00 &$12,000.00
3 $ 1%,000.00 $1,000.00 &$1%,000.00
3# $ 1,000.00 $1#,000.00 &$1",000.00
3! $ 1",000.00 $1!,000.00 &$1#,000.00
%0 $ 1,000.00 $20,000.00 &$20,000.00
%1 $ 1#,000.00 $21,000.00 &$22,000.00
%2 $ 1!,000.00 $22,000.00 &$2%,000.00
%3 $ 20,000.00 $23,000.00 &$2",000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 14/29
%% $ 21,000.00 $2%,000.00 &$2#,000.00
% $ 22,000.00 $2,000.00 &$30,000.00
%" $ 23,000.00 $2",000.00 &$32,000.00
% $ 2%,000.00 $2,000.00 &$3%,000.00
%# $ 2,000.00 $2#,000.00 &$3",000.00
%! $ 2",000.00 $2!,000.00 &$3#,000.00
0 $ 2,000.00 $30,000.00 &$%0,000.001 $ 2#,000.00 $31,000.00 &$%2,000.00
2 $ 2!,000.00 $32,000.00 &$%%,000.00
3 $ 30,000.00 $33,000.00 &$%",000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 15/29
20 30 %0
3 2 1.
1 2
U/P (&) utter all U/P (+)
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100 $ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 &$ 00.00 0 &100
$ %,000.00 $ 00.00 0 &100
$ %,000.00 $ 1,00.00 0 &100
$ %,000.00 $ 2,00.00 0 &100
$ %,000.00 $ 3,00.00 0 &100
$ %,000.00 $ %,00.00 0 &100
$ %,000.00 $ ,00.00 0 &100
$ %,000.00 $ ",00.00 0 &100
$ %,000.00 $ ,00.00 0 &100
$ %,000.00 $ #,00.00 0 &100
$ %,000.00 $ !,00.00 0 &100
$ 2,000.00 $ #,00.00 0 &100
$ & $ ,00.00 0 &100
&$ 2,000.00 $ ",00.00 0 &100
&$ %,000.00 $ ,00.00 0 &100
&$ ",000.00 $ %,00.00 0 &100
&$ #,000.00 $ 3,00.00 0 &100
&$10,000.00 $ 2,00.00 0 &100
&$12,000.00 $ 1,00.00 0 &100
&$1%,000.00 $ 00.00 0 &100
&$1",000.00 &$ 00.00 0 &100
&$1#,000.00 &$ 00.00 1000 &00
&$20,000.00 &$ 00.00 2000 00
&$22,000.00 &$ 00.00 3000 100
0
$(0,000.00)
$(%0,000.00)
$(30,000.00)
$(20,000.00)
$(10,000.00)
$&
$10,000.00
$20,000.00
$30,000.00
$%0,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 16/29
&$2%,000.00 &$ 00.00 %000 200
&$2",000.00 &$ 00.00 000 300
&$2#,000.00 &$ 00.00 "000 %00
&$30,000.00 &$ 00.00 000 00
&$32,000.00 &$ 00.00 #000 "00
&$3%,000.00 &$ 00.00 !000 00
&$3",000.00 &$ 00.00 10000 #00&$3#,000.00 &$ 00.00 11000 !00
&$%0,000.00 &$ 00.00 12000 1000
&$%2,000.00 &$ 00.00 13000 1100
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 17/29
10 20 30 %0 0 "0
'art itle
U/P (+) U/P (&) utter U/P (+)
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 18/29
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 19/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P (+) all(+) all (&)
10 &$ 3,000.00 $ & $ &
11 &$ 3,000.00 $ & $ &
12 &$ 3,000.00 $ & $ &
13 &$ 3,000.00 $ & $ &
1% &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &1" &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &
1# &$ 3,000.00 $ & $ &
1! &$ 3,000.00 $ & $ &
20 &$ 3,000.00 $ & $ &
21 &$ 2,000.00 $ 1,000.00 $ &
22 &$ 1,000.00 $ 2,000.00 $ &
23 $ & $ 3,000.00 $ &
2% $ 1,000.00 $ %,000.00 $ &
2 $ 2,000.00 $ ,000.00 $ &
2" $ 3,000.00 $ ",000.00 $ &
2 $ %,000.00 $ ,000.00 $ &
2# $ ,000.00 $ #,000.00 $ &
2! $ ",000.00 $ !,000.00 $ &
30 $ ,000.00 $10,000.00 $ &
31 $ #,000.00 $11,000.00 &$ 1,000.00
32 $ !,000.00 $12,000.00 &$ 2,000.00
33 $ 10,000.00 $13,000.00 &$ 3,000.00
3% $ 11,000.00 $1%,000.00 &$ %,000.00
3 $ 12,000.00 $1,000.00 &$ ,000.00
3" $ 13,000.00 $1",000.00 &$ ",000.00
3 $ 1%,000.00 $1,000.00 &$ ,000.00
3# $ 1,000.00 $1#,000.00 &$ #,000.00
3! $ 1",000.00 $1!,000.00 &$ !,000.00
%0 $ 1,000.00 $20,000.00 &$10,000.00
%1 $ 1#,000.00 $21,000.00 &$11,000.00
%2 $ 1!,000.00 $22,000.00 &$12,000.00
%3 $ 20,000.00 $23,000.00 &$13,000.00
7/17/2019 opciones
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%% $ 21,000.00 $2%,000.00 &$1%,000.00
% $ 22,000.00 $2,000.00 &$1,000.00
%" $ 23,000.00 $2",000.00 &$1",000.00
% $ 2%,000.00 $2,000.00 &$1,000.00
%# $ 2,000.00 $2#,000.00 &$1#,000.00
%! $ 2",000.00 $2!,000.00 &$1!,000.00
0 $ 2,000.00 $30,000.00 &$20,000.001 $ 2#,000.00 $31,000.00 &$21,000.00
2 $ 2!,000.00 $32,000.00 &$22,000.00
3 $ 30,000.00 $33,000.00 &$23,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 21/29
20 30
3 2
U/P Sprea*
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 &$ 1,000.00
$ 2,000.00 $ &
$ 2,000.00 $ 1,000.00
$ 2,000.00 $ 2,000.00
$ 2,000.00 $ 3,000.00
$ 2,000.00 $ %,000.00
$ 2,000.00 $ ,000.00
$ 2,000.00 $ ",000.00
$ 2,000.00 $ ,000.00
$ 2,000.00 $ #,000.00
$ 2,000.00 $ !,000.00
$ 1,000.00 $ !,000.00
$ & $ !,000.00
&$ 1,000.00 $ !,000.00
&$ 2,000.00 $ !,000.00
&$ 3,000.00 $ !,000.00
&$ %,000.00 $ !,000.00
&$ ,000.00 $ !,000.00
&$ ",000.00 $ !,000.00
&$ ,000.00 $ !,000.00
&$ #,000.00 $ !,000.00
&$ !,000.00 $ !,000.00
&$10,000.00 $ !,000.00
&$11,000.00 $ !,000.00
$(30,0
$(20,0
$(10,0
$10,0
$20,0
$30,0
$%0,0
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 22/29
&$12,000.00 $ !,000.00
&$13,000.00 $ !,000.00
&$1%,000.00 $ !,000.00
&$1,000.00 $ !,000.00
&$1",000.00 $ !,000.00
&$1,000.00 $ !,000.00
&$1#,000.00 $ !,000.00&$1!,000.00 $ !,000.00
&$20,000.00 $ !,000.00
&$21,000.00 $ !,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 23/29
0 10 20 30 %0 0
0.00)
0.00)
0.00)
$&
0.00
0.00
0.00
0.00
'art itle
U/P (+) U/P Sprea*
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 24/29
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 25/29
"0
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 26/29
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 27/29
Monto 1,000.00
Precio kilo $ 20.00
Prima por kil $ 3.00
K $ 20.00
Prima total $ 3,000.00Monto al ven $ 20,000.00
al vencimiento
S U/P all all
10 &$ 3,000.00 $ & $ &
11 &$ 3,000.00 $ & $ &
12 &$ 3,000.00 $ & $ &
13 &$ 3,000.00 $ & $ &
1% &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &1" &$ 3,000.00 $ & $ &
1 &$ 3,000.00 $ & $ &
1# &$ 3,000.00 $ & $ &
1! &$ 3,000.00 $ & $ &
20 &$ 3,000.00 $ & $ &
21 &$ 2,000.00 $ 1,000.00 &$ 1,000.00
22 &$ 1,000.00 $ 2,000.00 &$ 2,000.00
23 $ & $ 3,000.00 &$ 3,000.00
2% $ 1,000.00 $ %,000.00 &$ %,000.00
2 $ 2,000.00 $ ,000.00 &$ ,000.00
2" $ 3,000.00 $ ",000.00 &$ ",000.00
2 $ %,000.00 $ ,000.00 &$ ,000.00
2# $ ,000.00 $ #,000.00 &$ #,000.00
2! $ ",000.00 $ !,000.00 &$ !,000.00
30 $ ,000.00 $10,000.00 &$10,000.00
31 $ #,000.00 $11,000.00 &$11,000.00
32 $ !,000.00 $12,000.00 &$12,000.00
33 $ 10,000.00 $13,000.00 &$13,000.00
3% $ 11,000.00 $1%,000.00 &$1%,000.00
3 $ 12,000.00 $1,000.00 &$1,000.00
3" $ 13,000.00 $1",000.00 &$1",000.00
3 $ 1%,000.00 $1,000.00 &$1,000.00
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 28/29
U/P
3000
3000
3000
3000
3000
30003000
3000
3000
3000
3000
2000
1000
0
&1000
&2000
&3000
&%000
&000
&"000
&000
�
&!000
&10000
&11000
&12000
&13000
&1%000
10 1 20 2 30
$(20,000.00)
$(1,000.00)
$(10,000.00)
$(,000.00)
$&
$,000.00
$10,000.00
$1,000.00
$20,000.00
.'art itle
U/P U/P
7/17/2019 opciones
http://slidepdf.com/reader/full/opciones-568ee6c828228 29/29
3 %0