89 lines
2.0 KiB
Plaintext
89 lines
2.0 KiB
Plaintext
Index • 307
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C
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CAGR (compound annual growth
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rate), 46
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Call options (calls):
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BSM cone for, 50–55
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buying, for growth, 22
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covered, 240–248
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defined, 11
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delta for, 151
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dividend arbitrage with, 292–293
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leverage with, 167–168
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on quotes, 145
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short, 14, 221
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tailoring exposure with, 24
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visual representation of, 12–16
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and volatility, 68–74
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(See also Covered calls; Long calls;
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Short-call spreads)
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Capital:
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investment, 183–184
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strategic vs. working, 297n1
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(Chapter 4)
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Capital asset pricing model (CAPM),
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88, 298n4
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Capital expense, 80
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Career risk, 263
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Cash, hedge size and, 257
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Cash flows:
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on behalf of owners, 80–82
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expansionary, 82, 104–108
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in golden rule of valuation, 77
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present value of future, 87–89
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summing, from different time periods,
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87–89
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(See also Free cash flow to owners
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[FCFO])
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“Catalysts, ” 137
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CBOE (see Chicago Board Options
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Exchange)
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Central counterparties, 8
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Change (option quotes), 146–147
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Chanos, Jim, 202
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Chicago Board Options Exchange
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(CBOE), 4, 8, 47
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Chicago Mercantile Exchange, 8
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China, joint ventures in, 84
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Cisco Systems, 299n6 (Chapter 5)
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Closet indexing, 133
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Closing prices:
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change in, 146–147
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defined, 146
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Collars, 258–262
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Commitment, counterparties’ , 211
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Commodities, options on, 6–7
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Companies:
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with bimodal outcomes,
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277–278
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drivers of value for (see Value
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drivers)
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economic life of, 82–86, 93–94
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economic value of, 137–139
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operational details of, xiii–xiv,
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110–111
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Complex investment strategies, 142
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Compound annual growth rate
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(CAGR), 46
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Condors, 27–28
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Confidence, accuracy vs., 119–121
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Contingent loans, call options as,
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167–168
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Contract size, 146
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Counterparties:
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central, 8
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commitments of, 211
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for options contracts, 295n1
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(Chapter 1)
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Counterparty risk, 7–8
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Covered calls, 23, 240–248,
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301n4
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about, 241–242
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BSM cone, 240–244
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execution of, 242–245
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pitfalls with, 245–248
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with protective puts, 259–262
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Covering positions, 219, 228
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Cremers, Martijn, 133
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C-system, 115–118
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Customer “flow, ” 299n5 (Chapter 6) |