Because the option gives the holder the right but not the obligation to trade, it offers an asymmetrical risk/ reward profile. The holdera#39;s gains are greater, the deeper in-the-money the option turns out to be at the expiration date; with a call option, anbsp;...
|Title||:||Managing Financial Risks in Indebted Developing Countries - Occa Paper|
|Author||:||Donald J. Mathieson|
|Publisher||:||International Monetary Fund - 1989-06-16|