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- Go to Yahoo Finance: http://finance.yahoo.com/ and look up Tesla options: https://finance.yahoo.com/quote/TSLA/options/
Note the share price on the day you do this assignment (note the date, but do this before March 19). Go to the March 172023 calls and puts prices on the same date (choose your own strike prices).
Use your own examples to construct the following strategies.
Using Excel, write out the tabular payoff matrix in each case:
i) Bear spread using puts
ii) Bull spread using calls
iii) Long butterfly spread using calls
iv) Straddle
- On February15th2023, the CBOE’s VIX index http://www.cboe.com/vixwas trading at 18.58. Explain how you would interpret this figure in terms of the US stock market.
NB: Form your own view as to whether VIX will increase or decrease from this level by the end of March 2023. Assume you will trade 100 options.
Using your own strike prices from the following options chain http://www.cboe.com/delayedquote/quote-table?ticker=vix analyse fully any two (2) strategies based on VIX options that you could employto profit from this opinion.
Other strategies are here http://www.cboe.com/strategies/product-specific-strategies/vix
In addition, explain any 1 strategy that you could employ using VIX futures to profit from the same view https://www.cboe.com/products/futures/vx-cboe-volatility-index-vix-futures
NB: Calculate the subsequent profit or loss on your strategy on or beforeMarch 19, 2023. Note you will need to use the appropriate multipliers for VIX options and futures.
Explain briefly what factors(risk, reward, cost, etc.) you considered in designing theseVIX strategies.
