• trading level on the option start date, but tighter than the new market level. If the credit spread does not widen, the option expires worthless and the investor retains the fee.
• Creating positions that are difficult or risky to create in the cash markets.
Investors can "lock in" gains on appreciated bonds by purchasing a spread collar or create forward spread options by selling short tenor options and buying longer tenor options
Мой блог находят по следующим фразам
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