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CH 01 Hull OFOD9 TH Edition
CH 01 Hull OFOD9 TH Edition
Introduction
Source: Bank for International Settlements. Chart shows total principal amounts for
OTC market and value of underlying assets for exchange market
Options, Futures, and Other Derivatives, 9th Edition, Copyright © John C.
Hull 2014 7
The Lehman Bankruptcy (Business
Snapshot 1.1)
Profit
Price of Underlying at
K Maturity, ST
Profit
Price of Underlying
K at Maturity, ST
Strike Jun 2013 Jun 2013 Sep 2013 Sep 2013 Dec 2013 Dec 2013
Price Bid Offer Bid Offer Bid Offer
Strike Jun 2013 Jun 2013 Sep 2013 Sep 2013 Dec 2013 Dec 2013
Price Bid Offer Bid Offer Bid Offer