Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND...

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Hedging with Commodity Options and Safety-First Rules by James Vercammen and Victor Gaspar Suggested citation format: Vercammen, J., and V. Gaspar. 1993. “Hedging with Commodity Options and Safety-First Rules.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL. [http://www.farmdoc.uiuc.edu/nccc134].

Transcript of Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND...

Page 1: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the

Hedging with Commodity Options

and Safety-First Rules

by

James Vercammen and Victor Gaspar

Suggested citation format:

Vercammen, J., and V. Gaspar. 1993. “Hedging with Commodity Options and Safety-First Rules.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL. [http://www.farmdoc.uiuc.edu/nccc134].

Page 2: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 3: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 4: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 5: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 6: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 7: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 8: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 9: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 10: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 11: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the
Page 12: Hedging with Commodity Options and Safety-First Rules · 50 HEDGING WITH COMMODITY OPTIONS AND SAFETY-FIRST RULES James Vercammen and Victor Gasparl The problem of constructing the

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