问题如下:
The table below shows three European call options on the same underlying:
The option with the highest value is most likely:
选项:
A.Option 1.
B.Option 2.
C.Option 3.
解释:
B is correct.
The value of a European call option is inversely related to the exercise price and directly related to the time to expiration. Option 1 and Option 2 have the same exercise price; however, Option 2 has a longer time to expiration. Consequently, Option 2 would likely have a higher value than Option 1. Option 2 and Option 3 have the same time to expiration; however, Option 2 has a lower exercise price. Thus, Option 2 would likely have a higher value than Option 3.
从公式角度来讲不是T越大,vlue越小么?时间长了的话价格有上升也有下降的可能啊,不能单纯只考虑上升的可能吧?而且这道题里面1和2只相差3个月。麻烦解答一下。