Add training workflow, datasets, and runbook
This commit is contained in:
@@ -0,0 +1,33 @@
|
||||
618 Part V: Index Options and Future
|
||||
ly equal to that of the structured product would produce a position similar to a 101
|
||||
straddle. The reader is left to interpret and analyze other such strategies on his OWI
|
||||
LISTS OF STRUCTURED PRODUCTS
|
||||
The descriptions provided so far encompass the great majority of listed structure
|
||||
products. There are many similar ones involving individual stocks instead ofJndice
|
||||
(often called equity-linked notes). The concepts are the same; merely substitute
|
||||
stock price for an index price in the previous discussions in this chapter.
|
||||
Some large insurance companies offer similar products in the form of annuities
|
||||
They behave in exactly the same way as the products described above, except tha
|
||||
there is no continuous market for them. However, they still afford one the opportu
|
||||
nity to own an index fund with no risk Many of the insurance company products, in
|
||||
fact, pay interest to the annuity holder - something that most of the products listed
|
||||
on the stock exchanges do not.
|
||||
Both the CBOE and American Exchange Web sites (www.cboe.com and
|
||||
www.amex.com) contain details of the structured products listed on their respective
|
||||
exchanges. A sampling at the time of this writing showed the following breakdowns
|
||||
of listed structured products:
|
||||
Underlying Index Percent of Listed Products
|
||||
Broad-based index (S&P 500, e.g.) 23%
|
||||
Sector index
|
||||
Stocks
|
||||
43%
|
||||
34%
|
||||
If you browse those lists, an investor may find indices or stocks that are of particular
|
||||
interest to him. In addition, it may be possible to find ones trading at a substantial
|
||||
discount to cash settlement value, something a strategist might find attractive.
|
||||
PERCS
|
||||
Part II: Products Designed
|
||||
to Provide /,/Income"
|
||||
At the beginning of this chapter, it was stated that most listed structured products~
|
||||
fall into one of two categories. The first category was the type of structured prod
|
||||
uct that resembled the ownership of a call option. The second portion, to be dis-
|
||||
Reference in New Issue
Block a user