exercise price

简明释义

预购股票价格 ［美国］

英英释义

例句

1.If the market price exceeds the exercise price 行权价格, exercising the option could yield a profit.

如果市场价格超过exercise price 行权价格，行使期权可能会带来利润。

2.Investors often look for options with a lower exercise price 行权价格 to maximize their potential gains.

投资者通常寻找具有较低exercise price 行权价格的期权，以最大化他们的潜在收益。

3.A higher exercise price 行权价格 typically results in lower option premiums.

较高的exercise price 行权价格通常导致较低的期权溢价。

4.The option's exercise price 行权价格 is set at $50, which means the holder can buy the stock at this price.

该期权的exercise price 行权价格设定为50美元，这意味着持有者可以以此价格购买股票。

5.The exercise price 行权价格 can be adjusted in certain cases, such as stock splits or dividends.

在某些情况下，例如股票拆分或分红，exercise price 行权价格可能会进行调整。

作文

Understanding the concept of the exercise price is crucial for anyone involved in options trading or financial markets. The exercise price, also known as the strike price, is the predetermined price at which an option holder can buy or sell the underlying asset when exercising the option. This price plays a vital role in determining the profitability of an options contract and influences the decision-making process of traders and investors alike.To illustrate the importance of the exercise price, let’s consider a simple example. Imagine that you have purchased a call option for shares of a company with an exercise price of $50. This means that you have the right, but not the obligation, to buy the shares at this price before the option expires. If the market price of the shares rises to $70, you can exercise your option, purchase the shares at $50, and potentially sell them at the market price of $70, realizing a profit of $20 per share.Conversely, if the market price falls below the exercise price, say to $40, exercising the option would not make sense since you could buy the shares cheaper on the open market. In this case, the exercise price acts as a threshold that determines whether an option is 'in the money' (profitable) or 'out of the money' (not profitable).The exercise price is not only important for individual options but also has broader implications for market dynamics. Traders use various strategies based on the relationship between the current market price and the exercise price. For instance, they may employ spread strategies, where they buy and sell options with different exercise prices to manage risk and enhance potential returns.Moreover, the choice of exercise price can reflect a trader's outlook on the market. A trader who expects significant price movement might choose a higher or lower exercise price to maximize potential gains, while a trader looking for more conservative investments may select options with exercise prices closer to the current market price.In conclusion, the exercise price is a fundamental element of options trading that significantly impacts the strategy and profitability of traders. Understanding how it works allows investors to make informed decisions and develop effective trading strategies. As financial markets continue to evolve, the relevance of the exercise price remains steadfast, making it an essential concept for anyone looking to navigate the complexities of options trading successfully.

理解行使价格的概念对于任何参与期权交易或金融市场的人来说都是至关重要的。行使价格，也称为执行价格，是期权持有者在行使期权时可以以预定价格买入或卖出基础资产的价格。这个价格在确定期权合约的盈利能力方面起着至关重要的作用，并影响着交易者和投资者的决策过程。为了说明行使价格的重要性，让我们考虑一个简单的例子。想象一下，你购买了一份行使价格为50美元的公司股票的看涨期权。这意味着你有权利，但没有义务，在期权到期之前以这个价格购买股票。如果股票的市场价格上涨到70美元，你可以行使你的期权，以50美元的价格购买股票，然后以70美元的市场价格出售它们，从而实现每股20美元的利润。相反，如果市场价格跌到行使价格以下，比如40美元，行使期权就没有意义，因为你可以在公开市场上以更低的价格购买股票。在这种情况下，行使价格作为一个阈值，决定了期权是“价内”（有利可图）还是“价外”（无利可图）。行使价格不仅对个别期权重要，而且对市场动态具有更广泛的影响。交易者根据当前市场价格与行使价格之间的关系使用各种策略。例如，他们可能会采用价差策略，在不同的行使价格上买卖期权，以管理风险并增强潜在回报。此外，行使价格的选择可以反映交易者对市场的看法。预计价格波动较大的交易者可能会选择较高或较低的行使价格以最大化潜在收益，而寻求更保守投资的交易者可能会选择与当前市场价格接近的期权。总之，行使价格是期权交易中的一个基本要素，对交易者的策略和盈利能力产生重大影响。理解其运作方式使投资者能够做出明智的决策并制定有效的交易策略。随着金融市场的不断发展，行使价格的相关性仍然坚定不移，使其成为任何希望成功驾驭期权交易复杂性的人的基本概念。