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THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET

V. Uran

Puni tekst: engleski, pdf (550 KB) str. 114-133 preuzimanja: 503* citiraj
APA 6th Edition
Uran, V. (2007). THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET. Journal of Energy, 56 (1), 114-133. Preuzeto s https://hrcak.srce.hr/11848
MLA 8th Edition
Uran, V.. "THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET." Journal of Energy, vol. 56, br. 1, 2007, str. 114-133. https://hrcak.srce.hr/11848. Citirano 01.06.2020.
Chicago 17th Edition
Uran, V.. "THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET." Journal of Energy 56, br. 1 (2007): 114-133. https://hrcak.srce.hr/11848
Harvard
Uran, V. (2007). 'THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET', Journal of Energy, 56(1), str. 114-133. Preuzeto s: https://hrcak.srce.hr/11848 (Datum pristupa: 01.06.2020.)
Vancouver
Uran V. THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET. Journal of Energy [Internet]. 2007 [pristupljeno 01.06.2020.];56(1):114-133. Dostupno na: https://hrcak.srce.hr/11848
IEEE
V. Uran, "THE PRINCIPLE OF EXERCISING OPTIONS ON THE ELECTRICITY MARKET", Journal of Energy, vol.56, br. 1, str. 114-133, 2007. [Online]. Dostupno na: https://hrcak.srce.hr/11848. [Citirano: 01.06.2020.]
Puni tekst: hrvatski, pdf (550 KB) str. 114-133 preuzimanja: 310* citiraj
APA 6th Edition
Uran, V. (2007). PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE. Journal of Energy, 56 (1), 114-133. Preuzeto s https://hrcak.srce.hr/11848
MLA 8th Edition
Uran, V.. "PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE." Journal of Energy, vol. 56, br. 1, 2007, str. 114-133. https://hrcak.srce.hr/11848. Citirano 01.06.2020.
Chicago 17th Edition
Uran, V.. "PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE." Journal of Energy 56, br. 1 (2007): 114-133. https://hrcak.srce.hr/11848
Harvard
Uran, V. (2007). 'PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE', Journal of Energy, 56(1), str. 114-133. Preuzeto s: https://hrcak.srce.hr/11848 (Datum pristupa: 01.06.2020.)
Vancouver
Uran V. PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE. Journal of Energy [Internet]. 2007 [pristupljeno 01.06.2020.];56(1):114-133. Dostupno na: https://hrcak.srce.hr/11848
IEEE
V. Uran, "PRINCIP IZVOĐENJA OPCIJA NA TRŽIŠTU ELEKTRIČNE ENERGIJE", Journal of Energy, vol.56, br. 1, str. 114-133, 2007. [Online]. Dostupno na: https://hrcak.srce.hr/11848. [Citirano: 01.06.2020.]

Sažetak
Continual price fluctuations are possible to hedge by using various financial instruments; including options. An option buyer buys the right to the settlement price of an underlying asset such as electricity. Due to the volatility of the asset price; the buyer is not obliged to exercise the option. In such a case; the buyer's only loss is the purchased right or the option premium; which is equal to the option price. Mathematical models for option pricing have been developed in the last hundred years. These models were very popular during the 1970s; owing to the application of the Black-Scholes formula for the calculation of theoretical option prices. In this article; options are distinguished according to various criteria; specific exercising methods are described and the historical development of option pricing models is reviewed. An example of option exercising with closing out of the margins on the largest Middle European electricity exchange; EEX; is presented.

Ključne riječi
electricity; option; market

Hrčak ID: 11848

URI
https://hrcak.srce.hr/11848

[hrvatski]

Posjeta: 1.186 *