股票選擇權契約調整 制度規劃與實例介紹
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Transcript of 股票選擇權契約調整 制度規劃與實例介紹
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= = = +
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CFO00650L1
CFA00650L1
CFO00650X1
CFA00650X1
CFO00700L1
CFA00700L1
CFO00700X1
CFA00700X1
CFO00750L1
CFA00750L1
CFO00750X1
CFA00750X1
CFO00650A2
CFA00650A2
CFO00650M2
CFA00650M2
CFO00700A2
CFA00700A2
CFO00700M2
CFA00700M2
CFO00750A2
CFA00750A2
CFO00750M2
CFA00750M2
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2%2%5%80%120%
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MAX0-*1000*MAX0-*1000*
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2003000AAO$3000724.17%2%120%
(AAOAAAAAO)AAA 1200+$3000AAO 1000
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2005010%ABO(ABOABAABO)ABA(63)1200+$1300(65)1200+$1500ABO 1000
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1:0.4 ACOADO(ACOADAACO)ADA400ACOADO
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22-I-61/2$500AEO (AEOAEAAEO)AEA 500+$500AEO 1000
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= Max0 - = Max0 - = OPM / OPMSX
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72200300057.570Max072*1000-70*1000 = Max072-70*1000 = 2,000Max057.5*1200+3000-70*1000 = Max072000-70000 = 2,000
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72200300057.570 OPM72*100070*1000= OPM7270*1000 OPM57.5*1200+300070*1000=OPM7200070000
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O50
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1$58.0
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2$1$212/3112/2612/23AAOAAA12/23AAO$47.5
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AAAAAO
1236912369
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3AAA$47.5$39.8AAO
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4AAO1AAAAAO
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1$58.0
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2$1$212/2412/2012/1812/1812
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312/18
AAO121000
AAOAAA1200+$100
AAO1236100047.5
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412/18
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Sheet3
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512/19129
AAO12
AAA
AAO912/1912/1950.5
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612/1912/1950.5
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2003000AAOAAA 1200+$3000AAO 1000
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AAO3000900022500 3,600,00010,800,00027,000,000AAA1200AAO1000AAAAAO
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2003000AAO 51.555.047.9
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AAA 1200+$3000CallPut = [(55*1200+3000)-(51.5*1200+3000)] / 1000 = 4.2CallPut = [(51.5*1200+3000)-(47.9*1200+3000)] / 1000 = 4.32