Term 5 is turning into a bitch and a half (Latest addition to my rapidly increasing vocabulary of completely random and highly offensive terms). In spite of my tragic encounters with fin courses in the last 4 terms, I had the audacity to take 2 of them this term. Went to my first options and futures class today taken by none other than our revered Dean himself.
So the deal with options is that u have the right to buy or sell an underlying asset at a predetermined price, but not the obligation to do so. Now u can either buy the right to buy or sell or u can sell the right to sell or buy. And then you can again buy or sell the right to buy or sell the right to buy or sell the underlying asset at a predetermined price. By now, my brain was working overtime to imagine the related payoff graphs for each of these. And then came a barrage of multi period polynomial equations. At 6:30 in the evening, this was way beyond anything my grey cells could handle. It was time to surrender. Next time Ill go into battle better prepared... may be even do all the required prereadings.
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Never deprive someone of hope -- it may be all they have. And whats the harm in trying out something new? Ive tried everything else .. a little studying cant be all that bad...
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