exercise price

简明释义

执行价格

英英释义

例句

1.The exercise price is crucial when determining the intrinsic value of an option.

在确定期权的内在价值时，行使价格至关重要。

2.A higher exercise price typically results in a lower premium for the option.

较高的行使价格通常导致期权的溢价较低。

3.If the market price exceeds the exercise price, exercising the option becomes profitable.

如果市场价格超过行使价格，行使期权将变得有利可图。

4.The option's exercise price is set at $50, which means the holder can buy the stock for that amount.

期权的行使价格设定为50美元，这意味着持有人可以以该价格购买股票。

5.Investors often look for options with a lower exercise price to maximize their potential gains.

投资者通常寻找具有较低行使价格的期权，以最大化潜在收益。

作文

In the world of finance and investing, understanding key terms is crucial for making informed decisions. One such term that often comes up in discussions about options trading is exercise price. 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 their option. This concept is fundamental to options trading, as it directly impacts the profitability of the trade. To illustrate, let's consider a scenario where an investor purchases a call option for Company XYZ's stock. The exercise price for this option is set at $50. If the current market price of the stock rises to $60, the investor can exercise the option, buying the stock at the exercise price of $50. This allows the investor to realize a profit of $10 per share, minus any premiums paid for the option itself. Conversely, if the stock price remains below the exercise price, say at $45, the investor would likely choose not to exercise the option, as it would be more advantageous to buy the stock directly from the market at a lower price. The significance of the exercise price extends beyond just individual trades; it also plays a vital role in determining the overall strategy of an investor. For instance, an investor may choose a higher exercise price for a call option if they anticipate significant growth in the underlying asset. This could result in a lower premium for the option, but it would also mean that the stock must rise above the exercise price before the option becomes profitable. On the other hand, selecting a lower exercise price may lead to a higher premium but provides a greater likelihood of the option being exercised profitably. Moreover, the exercise price is critical in the context of put options as well. For a put option, the exercise price represents the price at which the holder can sell the underlying asset. If the market price falls significantly below the exercise price, the put option becomes increasingly valuable, allowing the holder to sell at a higher price than the current market value. Understanding how the exercise price interacts with market conditions, investor expectations, and option premiums is essential for anyone looking to enter the world of options trading. It is not merely a number; it embodies the strategic decisions that investors must make based on their predictions of market movements. In conclusion, the exercise price is a pivotal element in options trading that determines the potential profitability of an option. By grasping its implications, investors can better navigate their investment strategies and make more educated choices in the financial markets. Whether one is a novice or an experienced trader, a solid understanding of the exercise price and its impact on options trading is indispensable for achieving success in the complex world of finance.

在金融和投资的世界中，理解关键术语对于做出明智的决策至关重要。其中一个在期权交易讨论中经常出现的术语是行使价格。行使价格，也称为执行价格，是期权持有者在行使其期权时可以以预定价格买入或卖出基础资产的价格。这个概念对期权交易至关重要，因为它直接影响到交易的盈利能力。为了说明这一点，让我们考虑一个投资者购买公司XYZ股票的看涨期权的场景。该期权的行使价格设定为50美元。如果该股票的当前市场价格上涨到60美元，投资者可以行使该期权，以行使价格50美元购买该股票。这使得投资者每股实现10美元的利润，减去为期权支付的任何溢价。相反，如果股票价格保持在行使价格以下，比如45美元，投资者可能会选择不行使该期权，因为直接在市场上以更低的价格购买股票会更具优势。行使价格的重要性不仅仅体现在单独的交易中；它在确定投资者的整体策略方面也起着至关重要的作用。例如，如果投资者预计基础资产将显著增长，他们可能会选择较高的行使价格的看涨期权。这可能导致期权的溢价较低，但这也意味着股票必须上涨超过行使价格，期权才能盈利。另一方面，选择较低的行使价格可能会导致较高的溢价，但提供了更大的可能性，使期权能够盈利地被行使。此外，行使价格在看跌期权的背景下也至关重要。对于看跌期权，行使价格代表持有人可以以该价格出售基础资产的价格。如果市场价格显著低于行使价格，看跌期权的价值将越来越高，允许持有人以高于当前市场价值的价格出售。了解行使价格如何与市场条件、投资者预期和期权溢价相互作用，对于任何希望进入期权交易世界的人来说都是至关重要的。它不仅仅是一个数字；它体现了投资者必须根据他们对市场走势的预测所做出的战略决策。总之，行使价格是期权交易中的一个关键元素，决定了期权的潜在盈利能力。通过掌握其含义，投资者可以更好地驾驭他们的投资策略，并在金融市场中做出更明智的选择。无论是新手还是经验丰富的交易员，对行使价格及其对期权交易的影响有一个扎实的理解，对于在复杂的金融世界中取得成功是不可或缺的。