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OPTIONS
OPTIONSCallLong
OPTIONSLong Put
OPTIONSCallShort
OPTIONSShort Put
Trader Types
1. Hedgers2. Speculators3. Arbitrageurs
Take a paper
Let’s play a game
The Collapse of Barings Bank
Mr.Yossawat Chaiwong :5405106012
Barings Bank
“Britain’s oldest merchant bank” “Founded in 1762
Collapsed in 1995Total 223 years”
“from $500 M. to $1.60 !”
“Internal control”
Nick Leeson
“No.88888”
“Understaffed”“Unauthorized”
“Lost $296 M. From day one!”
How Leeson Broke Barings?
4Q 1994 - January 1995
January 17th, 1995
January 20th – February, 1995
February 27th, 1995
http://crackmba.com/short-straddle-trading-strategy/
“Middle Way”
Q&ASources: The Collapse of Barings Payoff Diagram,
Poems Derivatives, Asiaplus