Glossary entry (derived from question below)
Chinese term or phrase:
上方买入看涨期权价差
English translation:
Long OTM Call Spread ; Long upside call spread
Added to glossary by
karcsy
Sep 9, 2009 12:16
14 yrs ago
Chinese term
上方买入看涨期权价差
Chinese to English
Bus/Financial
Accounting
公司航油套期保值期权合约采用的主要结构是[上方买入看涨期权价差]，同时下方卖出看跌期权。
Thank you in advance!
Thank you in advance!
Proposed translations
(English)
| 3 | Long OTM Call Spread |
karcsy
|
| 3 | Callable CFD |
Fang Sheng
|
Proposed translations
4 hrs
Selected
Long OTM Call Spread
Long OTM Call Spread
http://optionsstrategies.blogspot.com/2008/09/bull-spread-lo...
上方 = resistance level (strike price of the call spread); It can also be said that the current market price is lower than resistance level & higher than support level. Setting the strike price at resistance level is therefore setting the contract at OTM price - Out of the Money price.
价差 = spread
买入看涨期权 (Long Call) = long call option
http://wiki.mbalib.com/wiki/买入看涨期权
A call spread (also called a bull spread) comprises a long call at one strike price and a short call at a higher strike price. Both options are for the same expiration. A call spread is an inexpensive alternative to simply buying a call. It has limited upside potential, but income from selling the high-strike call offsets the cost of purchasing the low-strike call.
http://www.imoblife.com/imoblifeblog/?tag=long-call-spread
http://www.riskglossary.com/link/options_spread.htm
[PDF] 看到这里有很多人在做daytrading或是short term trading, 所以觉得写写 ... - [ Translate this page ]File Format: PDF/Adobe Acrobat - View as HTML
个support level的下方一点，这个就是他的潜在风险，假如股票上方resistance level. 与这个入点差距是潜在风险的三倍或是更大的话，他就会进入。 ...
www.idigest.net/essay/random-thoughts/1408.pdf - Similar
保证金要求 - [ Translate this page ]股票维持保证金要求＋价内期权价值的100％。 有担保的看涨期权股票被全额支付。 有担保的看跌期权 不可用. 差价看涨期权. Call Spread. 同一底层证券（以及相同乘数） ...
www.interactivebrokers.com/cn/p.php?f=margin&ib...cn - Cached - Similar
客户支持 - [ Translate this page ]请参考我们词汇表中的“买入（long）”或“卖出（short）” ...
www.avafx.com/zh/support/online/CustomerSupport/ - Cached - Similar
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Note added at 5 hrs (2009-09-09 17:54:01 GMT)
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Considering market price could be near or equal the resistance level, I suggest using Long Call Spread at resistance level instead. Unless you can find the exact prices of the oil then you can use specifically OTM, ITM or ATM.
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Note added at 13 hrs (2009-09-10 01:46:23 GMT)
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Look at what I found.
Upside Call : An out-of-the-money call option.
http://riskinstitute.ch/00013251.htm
I am more confident to suggest translating 上方买入看涨期权价差 as
Long OTM Call Spread
http://optionsstrategies.blogspot.com/2008/09/bull-spread-lo...
上方 = resistance level (strike price of the call spread); It can also be said that the current market price is lower than resistance level & higher than support level. Setting the strike price at resistance level is therefore setting the contract at OTM price - Out of the Money price.
价差 = spread
买入看涨期权 (Long Call) = long call option
http://wiki.mbalib.com/wiki/买入看涨期权
A call spread (also called a bull spread) comprises a long call at one strike price and a short call at a higher strike price. Both options are for the same expiration. A call spread is an inexpensive alternative to simply buying a call. It has limited upside potential, but income from selling the high-strike call offsets the cost of purchasing the low-strike call.
http://www.imoblife.com/imoblifeblog/?tag=long-call-spread
http://www.riskglossary.com/link/options_spread.htm
[PDF] 看到这里有很多人在做daytrading或是short term trading, 所以觉得写写 ... - [ Translate this page ]File Format: PDF/Adobe Acrobat - View as HTML
个support level的下方一点，这个就是他的潜在风险，假如股票上方resistance level. 与这个入点差距是潜在风险的三倍或是更大的话，他就会进入。 ...
www.idigest.net/essay/random-thoughts/1408.pdf - Similar
保证金要求 - [ Translate this page ]股票维持保证金要求＋价内期权价值的100％。 有担保的看涨期权股票被全额支付。 有担保的看跌期权 不可用. 差价看涨期权. Call Spread. 同一底层证券（以及相同乘数） ...
www.interactivebrokers.com/cn/p.php?f=margin&ib...cn - Cached - Similar
客户支持 - [ Translate this page ]请参考我们词汇表中的“买入（long）”或“卖出（short）” ...
www.avafx.com/zh/support/online/CustomerSupport/ - Cached - Similar
--------------------------------------------------
Note added at 5 hrs (2009-09-09 17:54:01 GMT)
--------------------------------------------------
Considering market price could be near or equal the resistance level, I suggest using Long Call Spread at resistance level instead. Unless you can find the exact prices of the oil then you can use specifically OTM, ITM or ATM.
--------------------------------------------------
Note added at 13 hrs (2009-09-10 01:46:23 GMT)
--------------------------------------------------
Look at what I found.
Upside Call : An out-of-the-money call option.
http://riskinstitute.ch/00013251.htm
I am more confident to suggest translating 上方买入看涨期权价差 as
Long OTM Call Spread
Note from asker:
| Thank you for your input, I've posted another question regarding the 2nd half of this sentence, I'd appreciate it if you could take a look at that as well. |
4 KudoZ points awarded for this answer.
Comment: "Thank you so much for your research and kind help!"
2 hrs
Fang Sheng
Canada
Canada
Native in Chinese
Canada
Translation you don't feel translated
Native in: Chinese (Variants: Mandarin, Traditional, Cantonese, Simplified) 
Works in: English to Chinese, Chinese to English
Callable CFD
My attempt:
The primary structure of aviation fuel hedging contract is "to buy a callable CFD" while selling a put option at the same time.
CFD = 价差 = Contract for Difference
抛砖引玉。
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Note added at 3 hrs (2009-09-09 15:16:57 GMT)
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I personally think “上方”“下方” can be omitted. A "spread" is actually “利差” instead of “价差”. In here, as I understand it, “价差” is some short form of “价差和约”. And this contract is "callable", meaning it has an option of a "call" (call option). On the other side, the Company must buy a "Put Option", so the two contracts can balance out, therefore hedging out the risks and preserving value. This is my understanding. Hope it helps.
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Note added at 3 hrs (2009-09-09 15:20:33 GMT)
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"Spread" is used in financial products such as bonds. And this is the "interest" that is offered to the investor. The higher the bond's credit rating, the lower the spread it offers.
The primary structure of aviation fuel hedging contract is "to buy a callable CFD" while selling a put option at the same time.
CFD = 价差 = Contract for Difference
抛砖引玉。
--------------------------------------------------
Note added at 3 hrs (2009-09-09 15:16:57 GMT)
--------------------------------------------------
I personally think “上方”“下方” can be omitted. A "spread" is actually “利差” instead of “价差”. In here, as I understand it, “价差” is some short form of “价差和约”. And this contract is "callable", meaning it has an option of a "call" (call option). On the other side, the Company must buy a "Put Option", so the two contracts can balance out, therefore hedging out the risks and preserving value. This is my understanding. Hope it helps.
--------------------------------------------------
Note added at 3 hrs (2009-09-09 15:20:33 GMT)
--------------------------------------------------
"Spread" is used in financial products such as bonds. And this is the "interest" that is offered to the investor. The higher the bond's credit rating, the lower the spread it offers.
Note from asker:
| What about“上方”“下方”？What do they mean here? I'm completely clueless as to whether they can be omitted. Do you think "call spread" would work better in this case than "callable CFD"? Thank you and sorry about all these questions. I appreciate your help. |
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