본문/내용
A EI E ½
½º ´ μ E YO≪
O N Ø UO O Ø OO
20 short stock short call combined position 15
10 short stock 5 written call
0
?5
short stock + short call
?10
?15
?20
0
2
4
6
8
10
12
14
16
18
20
A
IE
¼º½
E YO≪
O N OO OØ
× OOØ × Ð O רO
O
O Ø¹Ø ¹NOO Y
Ðк
E YO≪
O N Ø UO O Ø OO
3.5 long put long call put + call 3
2.5
2
1.5
1
0.5
0
1
2
3
4
5
6
7
8
9
10
A
IE
¼º¾
E YO≪
O N OO ÐOO OUØ U Ø ×ØO
A½ O
ÐOO
ÐÐ U Ø ×ØO
A¾ ¸ A½
A¾ º
E YO≪
O N Ø UO O Ø OO
6 long put+short call short put + long call combined position 4
2
K1
K2
0
?2
?4
?6
0
2
4
6
8
10
12
A
IE
¼º¿
E YO≪
O N OO ´ÐOO OUØ≫× OOØ ÐÐμ ON O Ø OO Ø A½ OÐU× ´ÐOO
ÐÐ≫× OOØ OUØμ ON O Ø OO Ø A¾
A½ º
´ μ E YO≪
O N
10
OO UO O