Reading Eurodollar Futures Quotes EURODOLLAR(CME-SI million; pts of 100% Open High Low SettleChg Yield Open Settle Change Interest hmy9469946994689468 01 5.32 +01 47417 Eurodollar futures prices are stated as an index number of three-month LIBOR calculated as F= 100-LIBOR The closing price for the July contract is 94.68 thus the implied yield is 5.32 percent=100-98.68 The change was. 01 percent of sl million representing $100 on an annual basis. Since it is a 3-month contract one basis point corresponds to a $25 price change Irwin/McGraw-Hill Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Reading Eurodollar Futures Quotes EURODOLLAR (CME)—$1 million; pts of 100% Open High Low Settle Chg Yield Settle Change Open Interest July 94.69 94.69 94.68 94.68 -.01 5.32 +.01 47,417 Eurodollar futures prices are stated as an index number of three-month LIBOR calculated as F = 100-LIBOR. The closing price for the July contract is 94.68 thus the implied yield is 5.32 percent = 100 – 98.68 The change was .01 percent of $1 million representing $100 on an annual basis. Since it is a 3-month contract one basis point corresponds to a $25 price change
Options Contracts: Preliminaries o An option gives the holder the right, but not the obligation to buy or sell a given quantity of an asset in the future, at prices agreed upon today. ● Calls vs.Puts Call options gives the holder the right, but not the obligation, to buy a given quantity of some asset at some time in the future, at prices agreed upon today a Put options gives the holder the right, but not the obligation, to sell a given quantity of some asset at some time in the future at prices agreed upon today Irwin/McGraw-Hill 9-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Options Contracts: Preliminaries ⚫ An option gives the holder the right, but not the obligation, to buy or sell a given quantity of an asset in the future, at prices agreed upon today. ⚫ Calls vs. Puts ◼ Call options gives the holder the right, but not the obligation, to buy a given quantity of some asset at some time in the future, at prices agreed upon today. ◼ Put options gives the holder the right, but not the obligation, to sell a given quantity of some asset at some time in the future, at prices agreed upon today