There are some companies that are inherently riskier than others. Just look at the unprofitable biotech companies whose stock prices fell from the sky to the ground after their miracle drugs failed to pass FDA approval.

Six manifestations of the financial crisis

In the United States, money market funds can be divided into three categories according to the level of risk. 　　 In the United States, money market funds can be divided into three categories according to the level of risk. 　　 1, Treasury bill money market funds, which invest mainly in treasury bills, marketable securities guaranteed by the government, etc. These securities generally have a maturity of less than one year, with an average maturity of 120 days. 　　 2,Diversified money market funds, which are commonly referred to as money market funds, usually invest in a variety of marketable securities such as commercial paper, treasury bills, securities issued by U.S. government agencies, negotiable certificates of deposit, bankers' acceptances, etc., which have similar maturities as the aforementioned funds. 　　 3, Tax-exempt money funds, which are used primarily for short-term financing of high-quality municipal securities, also include municipal medium-term bonds and municipal long-ter

The differences between stock options and restricted stock lie in four areas: symmetry of rights and obligations, symmetry of rewards and penalties, waiting period versus confinement period and exercise price versus grant price.

A financial crisis is a persistent contradiction in the operation of activities related to money and capital, for example, a credit crisis in the cashing of bills, a currency crisis caused by a disconnect between buying and selling, etc.

Economic expansion drives increased demand for gold jewelry, gold for technology and long-term savings, so there is a positive correlation between the price of gold and economic growth.

Surveys conducted during the stock market frenzy of the late 1990s showed that the average investor would put a lot of effort into researching where to go on holiday, but skimped on the time spent researching stocks to buy.

Why hedge Delta risk? Delta risk can therefore be understood as a "directional" risk.

The choice of buying point in the plate

In this issue, Haitong Futures Options Department brings you an introduction to the BSM (Black-Scholes-Morton) model.