FINA 6750 Urgent
Strategy Inputs
| General Inputs: | ||||||||
| Asset price when transaction is initiated | (necessary only if buying or selling the asset) | |||||||
| # of units of asset (>0 Þ buy, < 0 Þ sell) | 0 | (necessary only if buying or selling the asset) | ||||||
| Asset price at expiration | 125 | (required for centering graph) | ||||||
| Lowest asset price to graph | 85 | (required) | ||||||
| Highest asset price to graph | 165 | (required) | ||||||
| Option-Specific Inputs: | ||||||||
| Option 1 | Option 2 | Option 3 | Option 4 | Option 5 | Option 6 | Asset | ||
| Choose "Call", "Put" or "No option" | Call | No option | No option | No option | No option | No option | NA | |
| Exercise Price (X) | 125 | NA | ||||||
| Original option price | 13.5000 | NA | ||||||
| # of units (> 0 Þ buy, < 0 Þ sell) | 100 | 0 | ||||||
| Time to expiration when position closed | NA | |||||||
| Risk-free rate (rc) | NA | |||||||
| Volatility (s) | NA | |||||||
| Dividend yield (dc) | NA | |||||||
| Output: Option value and profit at close of position for asset price chosen above | ||||||||
| Value at close of position | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 125.0000 | |
| Profit at close of position | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Overall profit at close of position | -1,350.00 | |||||||
| Data Table for Graph Results | ||||||||
| Asset price at end of holding period | Profitabilty of Each Component of the Strategy | |||||||
| Option 1 | Option 2 | Option 3 | Option 4 | Option 5 | Option 6 | Asset | Overall | |
| 85.00 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 86.63 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 88.27 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 89.90 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 91.53 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 93.16 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 94.80 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 96.43 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 98.06 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 99.69 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 101.33 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 102.96 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 104.59 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 106.22 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 107.86 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 109.49 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 111.12 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 112.76 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 114.39 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 116.02 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 117.65 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 119.29 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 120.92 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 122.55 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 124.18 | -1,350.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,350.00 |
| 125.82 | -1,268.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,268.37 |
| 127.45 | -1,105.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,105.10 |
| 129.08 | -941.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -941.84 |
| 130.71 | -778.57 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -778.57 |
| 132.35 | -615.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -615.31 |
| 133.98 | -452.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -452.04 |
| 135.61 | -288.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -288.78 |
| 137.24 | -125.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -125.51 |
| 138.88 | 37.76 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 37.76 |
| 140.51 | 201.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 201.02 |
| 142.14 | 364.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 364.29 |
| 143.78 | 527.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 527.55 |
| 145.41 | 690.82 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 690.82 |
| 147.04 | 854.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 854.08 |
| 148.67 | 1,017.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,017.35 |
| 150.31 | 1,180.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,180.61 |
| 151.94 | 1,343.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,343.88 |
| 153.57 | 1,507.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,507.14 |
| 155.20 | 1,670.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,670.41 |
| 156.84 | 1,833.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,833.67 |
| 158.47 | 1,996.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,996.94 |
| 160.10 | 2,160.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,160.20 |
| 161.73 | 2,323.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,323.47 |
| 163.37 | 2,486.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,486.73 |
| 165.00 | 2,650.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,650.00 |
| Reference cells - do not change | ||||||||
| Call | Call | Call | Call | Call | Call | |||
| Put | Put | Put | Put | Put | Put | |||
| No option | No option | No option | No option | No option | No option |
OPTION STRATEGY ANALYZER 10e
The information to the left is a table of the profit for a range of 50 asset prices at expiration between your specified maximum and minimum. Two graphs are provided on accompanying worksheet tabs. One is called Component Graph, which contains graphs of the profits of all of the options and the underlying asset used in the strategy, as well as the overall profit. Because graphs of all of the components can look cluttered, another tab called Overall Graph is also provided, which shows only the overall profit. Note: It is not possible to design a spreadsheet that will provide perfectly displayed graphs for all conceivable option strategies. Some graphs may have unusual curved lines or kinks. These result from ticks not centered precisely on the exercise prices. If this occurs, you may wish to try different maximum and minimum prices.
Component Graph
Profit from Strategy -
Overall and by Component
85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1268.36734693878 -1105.102040816331 -941.8367346938822 -778.5714285714334 -615.3061224489846 -452.0408163265358 -288.775510204087 -125.5102040816382 37.75510204081058 201.0204081632594 364.2857142857082 527.551020408157 690.8163265306058 854.0816326530546 1017.346938775503 1180.612244897952 1343.877551020401 1507.14285714285 1670.408163265299 1833.673469387747 1996.938775510196 2160.204081632645 2323.469387755094 2486.734693877543 2649.999999999991 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1268.36734693878 -1105.102040816331 -941.8367346938822 -778.5714285714334 -615.3061224489846 -452.0408163265358 -288.775510204087 -125.5102040816382 37.75510204081058 201.0204081632594 364.2857142857082 527.551020408157 690.8163265306058 854.0816326530546 1017.346938775503 1180.612244897952 1343.877551020401 1507.14285714285 1670.408163265299 1833.673469387747 1996.938775510196 2160.204081632645 2323.469387755094 2486.734693877543 2649.999999999991Asset Price at Expiration ($)
Profit ($)
Overall Graph
Profit from Strategy
85.0 86.63265306122448 88.26530612244898 89.89795918367346 91.53061224489795 93.16326530612244 94.79591836734693 96.42857142857142 98.0612244897959 99.69387755102039 101.3265306122449 102.9591836734694 104.5918367346939 106.2244897959183 107.8571428571428 109.4897959183673 111.1224489795918 112.7551020408163 114.3877551020408 116.0204081632653 117.6530612244898 119.2857142857142 120.9183673469387 122.5510204081632 124.1836734693877 125.8163265306122 127.4489795918367 129.0816326530612 130.7142857142857 132.3469387755102 133.9795918367346 135.6122448979591 137.2448979591836 138.8775510204081 140.5102040816326 142.1428571428571 143.7755102040816 145.4081632653061 147.0408163265305 148.673469387755 150.3061224489795 151.938775510204 153.5714285714285 155.204081632653 156.8367346938775 158.469387755102 160.1020408163265 161.7346938775509 163.3673469387754 165 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1350.0 -1268.36734693878 -1105.102040816331 -941.8367346938822 -778.5714285714334 -615.3061224489846 -452.0408163265358 -288.775510204087 -125.5102040816382 37.75510204081058 201.0204081632594 364.2857142857082 527.551020408157 690.8163265306058 854.0816326530546 1017.346938775503 1180.612244897952 1343.877551020401 1507.14285714285 1670.408163265299 1833.673469387747 1996.938775510196 2160.204081632645 2323.469387755094 2486.734693877543 2649.999999999991Asset Price at Expiration ($)
Profit ($)
Instructions
Instructions: Fill in the information for the General Inputs in the highlighted cells. Choose a maximum and minimum asset price for graphing purposes. Enter a positive number of units of the asset and/or options if you are buying and a negative number if you are selling. You must fill in an "Asset price at expiration," but this can be any asset price that is between your maximum and minimum. For Option-Specific Inputs, enter information on up to six different options in cells D to I. These options can be either calls or puts (choose from the pull down list), can have different exercise prices and different times to expiration but must be on the same underlying asset. Make sure you correctly supply the time remaining until expiration and the yield. The risk-free rate and the standard deviation when the position is closed are required only if closing prior to expiration. You do not need to enter any input information information for the underlying asset in this section in Column K. For positions closed prior to expiration, option values are estimated using the Black-Scholes-Merton model; therefore, European options are assumed. Hit F9 to recalculate. One tab contains the Component Graph, which is a graph of the profits of all of the options and the underlying asset used in the strategy, as well as the overall profit. Because graphs of all of the components can look cluttered, another tab called Overall Graph is also provided, which shows only the overall profit. The overall profit line is the thick dark line in both graphs.
About
Written by Don M. Chance and Robert Brooks For use with An Introduction to Derivatives and Risk Management, 10th ed. (Mason, Ohio: Cengage, 2015) Date: 7/09 Last updated: 3/18/14 © 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.