Market which followed only 10 years after this you can trade an option that has no Intrinsic Value at all it just has implied value based on. Time to time value plus. The volatility or beta so if you have been on a stock and the option is to buy the stock in the 6 months in the future and the underlying stock goes up and down a lot then you have an implied value for that option right and so its a way to price risk but the way to price risk is the need to know time time best have value time has to use the and align prevailing Interest Rate to establish a baseline of the value of time from now on the curve from short to long so if youre negative as weve said before you have no value of to. Time as a matter of fact time as a negative value i have often quipped that negative Interest Rates are a way for Goldman Sachs to go backwards in time and steal from clients in the past you know having looted all their current clients and future clients they need to go backwards in time so negative In
There this is the kaiser report we get into it like you probably are used to so if youre not used to it get ready stacey hey max well you know what we have a topic today that is right in your court and that is i know you used to be an options trader on wall street so we have some stories from the Options Market and the topsy turvy world where the black in shoals formula was supposed to get rid of risk it was supposed to help separate risk and reward this paper was published in 1983 the black initials options formula and negative rates are rewriting the rules of modern finance negative Interest Rates have quite literally broken one of the pillars of modern finance as a columnist and central bankers weigh the pros and cons of sub 0 rates and their impact on the world traders have been contending with a rather more mundane fundamental issue how to price risk on trillions of dollars of Financial Instruments like Interest Rate swaps when their complex mathematical models simply dont work. R
A nuclear deal relations between tehran and washington spiral. First and foremost for us its important to keep iran compliant fully compliance with its commitments under the just appeal any. Around the clock across the world this is r. T. International from the team and myself you know well hello and welcome our top story. The russian president has wrapped up his morath in q. And a with the general public after some 4 hours from utilities and salaries to conflict down sanctions a lot of near putin took questions on just about every conceivable subject with no matter to small the president did not stop there as he then met with foreign russian journalists are to have talks us through from the address all that was spoken about it. Almost like answering questions for hours here in this hall behind me was not enough for him but well one of the 1st things he was asked as he will showed up for a Media Conference was the 17 and the question was whether or not russia is ready to accept respons
Fashion market, the price of securities is set at up to 675 rubles. Based on the results of the placement , the share of free float may reach 15 . The funds raised will be used to expand the business. At the same time, on the Moscow Exchange the number of cases of artificial acceleration of stock prices has sharply increased, the platform reported this today. In the Third Quarter alone, more than 60 episodes were recorded, for comparison, for the entire last year there were only 13 of them. Thirdtier shares are primarily attacked by speculators, some investors view them as a way to quickly make money, they Pay Attention to messages on social networks where they sound calls to purchase. This was economic news, in short. The Federation Council today approved the law on the withdrawal of ratification of the treaty on a comprehensive ban on nuclear testing. The senators voted unanimously. Let us remember that russia signed the treaty on september 24, 1996 and ratified it 4 years later, but
Together. News midhour, briefly in washington , demonstrators broke into one of the congress buildings, they are protesting against the fighting in the gas sector. Police. About 500 people were detained, authorities said, violators would face severe punishment. The Israeli Defense forces attacked residential buildings in the gas sector, according to the bbc, at least nine people were killed, including seven children. There are new strikes not far from the alahly hospital, the same one under the rubble of which the dead are still being found. Foreign minister lavrov arrived in north korea. The head of the ministry of Foreign Affairs will meet with his counterpart from the dprk, calling this a Good Opportunity to discuss the implementation of the agreements between Vladimir Putin and kimchenun, which were reached in september. Joe biden will ask congress for another 60 billion for ukraine. The document will officially be received in congress tomorrow. About 40 billion, according to nbc,