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MSFT
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Utilidad
100 -30
105 -30 Utilidad
110 -30 Opción Larga - Compra
115 -30
50
120 -30
40
125 -30
30
130 -28
135 -23 20
140 -18 10
145 -13 0
100 105 110 115 120 125 130 135 140 145 150 155 160 165 170
150 -8 -10
155 -3 -20
160 2
-30
165 7
-40
170 12
175 17
180 22
185 27
190 32
195 37
200 42
85.9034349
37.6162707
ga - Compra
150 155 160 165 170 175 180 185 190 195 200
K 128 Control Costo Control St
Costo 30
Utilidad
96.0562882 -30
87.1507327 -30
86.5139204 -30
96.2157344 -30 10
92.8316475 -30 5
52.6341415 -30 0
-18.9593679 -30 -5
50.2259551 -30 -10
133.598225 -24.4017749
-15
26.9267591 -30
-20
163.291785 5.29178527
-25
142.31156 -15.68844
14.5335161 -30 -30
116.809431 -30 -35
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140.904172 -17.0958284
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120.813079 -30
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107.353565 -30
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98.6529375 -30
17.1840266 -30
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115.78894 -30
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117.314692 -30
144.214935 -13.7850648
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68.5938104 -30
87.8102623 -30
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73.5416112 -30
74.9098379 -30
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154.888779 -3.11122104
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159.560769 1.56076941
60.2382115 -30
102.002736 -30
62.8086776 -30
12.5603379 -30
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137.291384 -20.708616
156.834898 -1.16510247
139.452485 -18.5475151
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65.5013986 -30
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160.948629 2.94862893
163.864559 5.86455903
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65.2394171 -30
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165.539985 7.53998544
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118.581794 -30
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143.221692 -14.7783083
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130.418031 -27.5819686
130.906588 -27.0934116
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35.0612862 -30
130.002021 -27.9979787
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109.776389 -30
99.5214477 -30
141.23326 -16.7667396
40.3026846 -30
94.2554149 -30
104.477386 -30
64.8035053 -30
85.9034349 -30
95.4696665 -30
35.2002932 -30
92.1296294 -30
126.360457 -30
114.436439 -30
143.233866 -14.7661336
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53.9988816 -30
111.961481 -30
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37.6139435 -30
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169.932926 11.9329257
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194.729467 36.7294668
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80.2868965 -30
90.5185194 -30
51.2520893 -30
102.107277 -30
13.1927239 -30
74.9556171 -30
165.215633 7.21563269
51.1657105 -30
51.3073085 -30
59.4254928 -30
87.8142095 -30
50.4272146 -30
44.6688631 -30
98.3851917 -30
37.4499394 -30
160.854233 2.8542335
89.3555781 -30
97.818498 -30
75.0225164 -30
82.9157276 -30
125.124561 -30
124.227264 -30
66.8027693 -30
85.3875383 -30
87.3120775 -30
-18.4980179 -30
29.8845354 -30
55.3393596 -30
118.889967 -30
94.7293569 -30
109.214105 -30
131.21231 -26.7876898
63.3949671 -30
109.218592 -30
54.1585808 -30
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105.236373 -30
161.541893 3.54189314
100.062996 -30
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144.33827 -13.6617297
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58.3556936 -30
69.6397971 -30
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140.426335 -17.5736648
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91.2260511 -30
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77.6210258 -30
80.2405591 -30
187.107647 29.107647
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110.063996 -30
62.1426431 -30
92.4475318 -30
113.612634 -30
39.8842495 -30
96.7193734 -30
108.431686 -30
87.9715268 -30
85.1238899 -30
11.6517713 -30
120.376274 -30
97.7957653 -30
107.639637 -30
131.240917 -26.7590828
75.6884638 -30
71.3095537 -30
107.450318 -30
63.1594428 -30
134.710984 -23.2890162
66.2941026 -30
72.1061609 -30
97.3138094 -30
88.1934134 -30
135.293714 -22.7062856
99.5641204 -30
69.7710578 -30
112.155726 -30
101.699148 -30
4.93930399 -30
170.544099 12.5440995
67.4289046 -30
-2.30094243 -30
111.325774 -30
65.2660151 -30
85.6241448 -30
79.3237171 -30
42.8590519 -30
49.6324725 -30
117.053858 -30
121.365903 -30
87.1076565 -30
61.616893 -30
115.761662 -30
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39.9330638 -30
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95.2158279 -30
169.690434 11.6904343
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28.9431861 -30
95.672943 -30
73.6062518 -30
42.351945 -30
92.2479365 -30
131.715625 -26.2843753
74.7358725 -30
87.9913905 -30
80.8089759 -30
68.2939491 -30
120.628232 -30
65.548012 -30
101.527809 -30
64.3865938 -30
84.5757198 -30
122.914741 -30
162.105039 4.10503868
143.988163 -14.0118372
61.3425401 -30
57.0474757 -30
66.5011633 -30
114.246395 -30
63.9451485 -30
24.4163443 -30
37.3218286 -30
128.782055 -29.2179447
59.1566737 -30
158.81627 0.8162697
113.694025 -30
64.3257493 -30
193.367793 35.3677928
134.76683 -23.2331698
171.163529 13.1635294
42.2518073 -30
134.083681 -23.9163186
54.8423623 -30
98.0332784 -30
66.3409226 -30
30.7258809 -30
87.8889823 -30
83.2196014 -30
130.421466 -27.5785339
63.2847819 -30
83.478256 -30
34.2419262 -30
95.5811574 -30
80.905278 -30
93.9871869 -30
51.4888134 -30
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129.983238 -28.0167618
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150.042536 -7.95746424
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72.1067029 -30
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50.4203098 -30
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1.0826255 -30
72.9111783 -30
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139.742702 -18.2572985
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83.713231 -30
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105.415472 -30
154.644345 -3.35565453
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153.451037 -4.54896339
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40.331352 -30
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125.271341 -30
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51.281375 -30
140.535116 -17.4648843
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120.906647 -30
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100.015176 -30
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144.84271 -13.1572905
80.596469 -30
99.7902819 -30
91.9110478 -30
64.0105027 -30
109.88721 -30
110.631784 -30
25.7612606 -30
104.089067 -30
33.9381264 -30
40.1448898 -30
63.1541395 -30
135.984366 -22.015634
34.7847635 -30
85.9034349
37.6162707
Utilidad
Opción Larga - Compra
0
5
0
5
0
5
0
5
0
5
K 148 Control Costo Control St
Costo 30
Utilidad
100 30
105 30 Utilidad
110 30 Opción Corta - Compra
115 30
40
120 30
125 30 30
130 30 20
135 30
140 30 10
145 30 0
100 105 110 115 120 125 130 135 140 145 150 155 160 165 170
150 28
-10
155 23
160 18 -20
165 13
-30
170 8
175 3
180 -2
185 -7
190 -12
195 -17
200 -22
ta - Compra
150 155 160 165 170 175 180 185 190 195 200
K 148 Control Costo Control St
Costo 30
Utilidad
96.0562882 30
87.1507327 30 Utilidad
86.5139204 30 Opción Corta - Compra
96.2157344 30 35
92.8316475 30 30
52.6341415 30 25
-18.9593679 30 20
15
50.2259551 30
10
133.598225 30 5
26.9267591 30 0
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142.31156 30
14.5335161 30
116.809431 30
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143.988163 30
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66.5011633 30
114.246395 30
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24.4163443 30
37.3218286 30
128.782055 30
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158.81627 19.1837303
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66.2654575 30
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154.644345 23.3556545
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42.437328 30
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100.14982 30
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113.846562 30
80.6273779 30
139.161239 30
88.3099214 30
78.6322771 30
137.014866 30
63.4770963 30
29.135622 30
83.8096309 30
127.56328 30
57.7200162 30
49.3897611 30
123.534199 30
126.194174 30
136.358976 30
39.3244357 30
106.768722 30
82.3840754 30
96.7964329 30
21.5724801 30
65.3291734 30
64.5317305 30
88.5375519 30
80.7877418 30
22.5463995 30
48.3776579 30
57.6148225 30
127.695917 30
156.004002 21.9959979
133.740493 30
42.6634609 30
102.178173 30
160.722791 17.2772085
20.4060898 30
72.1536348 30
77.6571383 30
82.5398032 30
87.1686976 30
83.9555811 30
92.3695532 30
74.0185742 30
84.6938373 30
77.4299533 30
90.7240258 30
79.2406031 30
78.9132545 30
55.4589569 30
83.5116579 30
47.0814361 30
127.777166 30
64.9707095 30
62.7847508 30
53.4751949 30
106.277205 30
33.6928904 30
78.1046761 30
89.8215404 30
104.627319 30
82.8144608 30
26.5915451 30
147.40475 30
103.643026 30
8.91805668 30
60.47635 30
48.2191249 30
82.1741853 30
109.973101 30
112.344766 30
102.241956 30
65.0807133 30
92.3547709 30
141.748438 30
112.553109 30
104.294932 30
58.569958 30
118.341971 30
99.7680397 30
61.7276206 30
174.012786 3.98721373
38.1145745 30
76.4569327 30
84.0438313 30
31.8000484 30
101.653242 30
97.6844621 30
133.974265 30
34.3460484 30
81.0409801 30
60.23173 30
153.451037 24.5489634
44.5287248 30
124.676439 30
47.8880993 30
88.5267831 30
66.2045175 30
40.331352 30
121.807341 30
46.9887033 30
99.3968919 30
35.3481542 30
-0.71219536 30
29.587237 30
72.2553728 30
95.5750124 30
125.271341 30
27.3559654 30
67.3868651 30
117.526663 30
121.620673 30
68.6168144 30
51.281375 30
140.535116 30
101.846493 30
120.906647 30
98.0897236 30
100.015176 30
95.6706514 30
96.7516174 30
83.7696067 30
112.169153 30
67.2641241 30
125.724355 30
144.84271 30
80.596469 30
99.7902819 30
91.9110478 30
64.0105027 30
109.88721 30
110.631784 30
25.7612606 30
104.089067 30
33.9381264 30
40.1448898 30
63.1541395 30
135.984366 30
34.7847635 30
Corta - Compra
St CC VC Utilidad Combinada
100 -30 30 0
105 -30 30 0
110 -30 30 0 50
115 -30 30 0
120 -30 30 0 40
125 -30 30 0
130 -28 30 2 30
135 -23 30 7
20
140 -18 30 12
145 -13 30 17 10
150 -8 28 20
155 -3 23 20 0
100 105 110 115 120 125 130 135 1
160 2 18 20
165 7 13 20 -10
170 12 8 20
-20
175 17 3 20
180 22 -2 20 -30
185 27 -7 20
190 32 -12 20 -40
195 37 -17 20
CC
200 42 -22 20
CC-VC
110 115 120 125 130 135 140 145 150 155 160 165 170 175 180 185 190 195 200
CC VC Beneficio Neto
St CC VC Utilidad Combinada 50
96.0562882 -30 30 0 40
87.1507327 -30 30 0
86.5139204 -30 30 0 30
96.2157344 -30 30 0 20
92.8316475 -30 30 0 10
52.6341415 -30 30 0
0
-18.9593679 -30 30 0 -50 0
50.2259551 -30 30 0 -10
133.598225 -24.4017749 30 5.59822508 -20
26.9267591 -30 30 0
-30
163.291785 5.29178527 14.7082147 20
142.31156 -15.68844 30 14.31156 -40
14.5335161 -30 30 0
116.809431 -30 30 0
87.9889753 -30 30 0
114.081191 -30 30 0 Este gráfico no está disponible
82.2546342 -30 30 0
Si edita esta forma o guarda el l
89.4840675 -30 30 0
38.5259158 -30 30 0
73.7692152 -30 30 0
64.0290354 -30 30 0
52.3150604 -30 30 0
139.778627 -18.221373 30 11.778627
111.524888 -30 30 0
122.834318 -30 30 0
179.754915 21.7549151 -1.75491514 20
128.743711 -29.2562892 30 0.74371085
123.462601 -30 30 0
140.904172 -17.0958284 30 12.9041716 Este gráfico no está disponible
123.946228 -30 30 0
120.813079 -30 30 0 Si edita esta forma o guarda el
98.9327954 -30 30 0
107.353565 -30 30 0
97.5735964 -30 30 0
75.5506045 -30 30 0
98.6529375 -30 30 0
17.1840266 -30 30 0
48.8431873 -30 30 0
84.2470045 -30 30 0
115.78894 -30 30 0
85.9034349 -30 30 0
117.314692 -30 30 0
144.214935 -13.7850648 30 16.2149352
118.105404 -30 30 0
68.5938104 -30 30 0
87.8102623 -30 30 0
118.808825 -30 30 0
73.5416112 -30 30 0
74.9098379 -30 30 0
70.7392317 -30 30 0
154.888779 -3.11122104 23.111221 20
165.342404 7.3424036 12.6575964 20
91.3970644 -30 30 0
77.838521 -30 30 0
165.784545 7.78454493 12.2154551 20
94.3078039 -30 30 0
64.3558235 -30 30 0
159.560769 1.56076941 18.4392306 20
60.2382115 -30 30 0
102.002736 -30 30 0
62.8086776 -30 30 0
12.5603379 -30 30 0
107.113012 -30 30 0
68.7733625 -30 30 0
137.291384 -20.708616 30 9.29138397
156.834898 -1.16510247 21.1651025 20
139.452485 -18.5475151 30 11.4524849
72.7891185 -30 30 0
72.5665611 -30 30 0
85.1445621 -30 30 0
65.5013986 -30 30 0
28.5906296 -30 30 0
160.948629 2.94862893 17.0513711 20
163.864559 5.86455903 14.135441 20
87.3559719 -30 30 0
87.8284412 -30 30 0
83.6467689 -30 30 0
65.2394171 -30 30 0
45.7025823 -30 30 0
165.539985 7.53998544 12.4600146 20
63.243643 -30 30 0
66.1029891 -30 30 0
123.862508 -30 30 0
118.581794 -30 30 0
36.5780975 -30 30 0
78.5821223 -30 30 0
64.4339708 -30 30 0
143.221692 -14.7783083 30 15.2216917
78.1284115 -30 30 0
85.9294636 -30 30 0
74.3694983 -30 30 0
64.0677729 -30 30 0
96.9280183 -30 30 0
70.6909104 -30 30 0
130.418031 -27.5819686 30 2.41803136
130.906588 -27.0934116 30 2.90658842
100.743788 -30 30 0
121.631108 -30 30 0
67.9644948 -30 30 0
94.4610739 -30 30 0
82.6173407 -30 30 0
59.8752911 -30 30 0
35.0612862 -30 30 0
130.002021 -27.9979787 30 2.0020213
89.3076936 -30 30 0
107.546638 -30 30 0
98.9988002 -30 30 0
109.776389 -30 30 0
99.5214477 -30 30 0
141.23326 -16.7667396 30 13.2332604
40.3026846 -30 30 0
94.2554149 -30 30 0
104.477386 -30 30 0
64.8035053 -30 30 0
85.9034349 -30 30 0
95.4696665 -30 30 0
35.2002932 -30 30 0
92.1296294 -30 30 0
126.360457 -30 30 0
114.436439 -30 30 0
143.233866 -14.7661336 30 15.2338664
93.8491434 -30 30 0
53.9988816 -30 30 0
111.961481 -30 30 0
81.9227593 -30 30 0
37.6139435 -30 30 0
85.9034349 -30 30 0
115.738757 -30 30 0
169.932926 11.9329257 8.06707425 20
65.9830683 -30 30 0
11.1926926 -30 30 0
95.1483027 -30 30 0
49.9675968 -30 30 0
7.35427197 -30 30 0
73.8373406 -30 30 0
138.835362 -19.164638 30 10.835362
101.357712 -30 30 0
57.9550495 -30 30 0
17.5223787 -30 30 0
43.0655956 -30 30 0
129.274974 -28.7250257 30 1.27497428
85.6407689 -30 30 0
50.1712763 -30 30 0
41.8574235 -30 30 0
156.337344 -1.66265597 21.662656 20
119.606333 -30 30 0
37.6342668 -30 30 0
194.729467 36.7294668 -16.7294668 20
70.1953702 -30 30 0
38.6560137 -30 30 0
80.2868965 -30 30 0
90.5185194 -30 30 0
51.2520893 -30 30 0
102.107277 -30 30 0
13.1927239 -30 30 0
74.9556171 -30 30 0
165.215633 7.21563269 12.7843673 20
51.1657105 -30 30 0
51.3073085 -30 30 0
59.4254928 -30 30 0
87.8142095 -30 30 0
50.4272146 -30 30 0
44.6688631 -30 30 0
98.3851917 -30 30 0
37.4499394 -30 30 0
160.854233 2.8542335 17.1457665 20
89.3555781 -30 30 0
97.818498 -30 30 0
75.0225164 -30 30 0
82.9157276 -30 30 0
125.124561 -30 30 0
124.227264 -30 30 0
66.8027693 -30 30 0
85.3875383 -30 30 0
87.3120775 -30 30 0
-18.4980179 -30 30 0
29.8845354 -30 30 0
55.3393596 -30 30 0
118.889967 -30 30 0
94.7293569 -30 30 0
109.214105 -30 30 0
131.21231 -26.7876898 30 3.21231023
63.3949671 -30 30 0
109.218592 -30 30 0
54.1585808 -30 30 0
69.6855539 -30 30 0
69.3503959 -30 30 0
90.9835996 -30 30 0
105.236373 -30 30 0
161.541893 3.54189314 16.4581069 20
100.062996 -30 30 0
57.451012 -30 30 0
144.33827 -13.6617297 30 16.3382703
91.5888024 -30 30 0
58.3556936 -30 30 0
69.6397971 -30 30 0
99.7244584 -30 30 0
124.331245 -30 30 0
46.848249 -30 30 0
113.42819 -30 30 0
62.9582524 -30 30 0
86.2023029 -30 30 0
97.0229168 -30 30 0
71.6494514 -30 30 0
78.1191049 -30 30 0
106.796955 -30 30 0
73.0467549 -30 30 0
32.430198 -30 30 0
107.188435 -30 30 0
35.3135353 -30 30 0
106.613115 -30 30 0
111.259415 -30 30 0
140.426335 -17.5736648 30 12.4263352
84.9714984 -30 30 0
91.2260511 -30 30 0
87.2455182 -30 30 0
77.6210258 -30 30 0
80.2405591 -30 30 0
187.107647 29.107647 -9.10764698 20
44.683388 -30 30 0
110.063996 -30 30 0
62.1426431 -30 30 0
92.4475318 -30 30 0
113.612634 -30 30 0
39.8842495 -30 30 0
96.7193734 -30 30 0
108.431686 -30 30 0
87.9715268 -30 30 0
85.1238899 -30 30 0
11.6517713 -30 30 0
120.376274 -30 30 0
97.7957653 -30 30 0
107.639637 -30 30 0
131.240917 -26.7590828 30 3.2409172
75.6884638 -30 30 0
71.3095537 -30 30 0
107.450318 -30 30 0
63.1594428 -30 30 0
134.710984 -23.2890162 30 6.71098383
66.2941026 -30 30 0
72.1061609 -30 30 0
97.3138094 -30 30 0
88.1934134 -30 30 0
135.293714 -22.7062856 30 7.29371436
99.5641204 -30 30 0
69.7710578 -30 30 0
112.155726 -30 30 0
101.699148 -30 30 0
4.93930399 -30 30 0
170.544099 12.5440995 7.45590053 20
67.4289046 -30 30 0
-2.30094243 -30 30 0
111.325774 -30 30 0
65.2660151 -30 30 0
85.6241448 -30 30 0
79.3237171 -30 30 0
42.8590519 -30 30 0
49.6324725 -30 30 0
117.053858 -30 30 0
121.365903 -30 30 0
87.1076565 -30 30 0
61.616893 -30 30 0
115.761662 -30 30 0
91.5921236 -30 30 0
39.9330638 -30 30 0
67.5722597 -30 30 0
95.2158279 -30 30 0
169.690434 11.6904343 8.30956567 20
84.7953546 -30 30 0
28.9431861 -30 30 0
95.672943 -30 30 0
73.6062518 -30 30 0
42.351945 -30 30 0
92.2479365 -30 30 0
131.715625 -26.2843753 30 3.71562474
74.7358725 -30 30 0
87.9913905 -30 30 0
80.8089759 -30 30 0
68.2939491 -30 30 0
120.628232 -30 30 0
65.548012 -30 30 0
101.527809 -30 30 0
64.3865938 -30 30 0
84.5757198 -30 30 0
122.914741 -30 30 0
162.105039 4.10503868 15.8949613 20
143.988163 -14.0118372 30 15.9881628
61.3425401 -30 30 0
57.0474757 -30 30 0
66.5011633 -30 30 0
114.246395 -30 30 0
63.9451485 -30 30 0
24.4163443 -30 30 0
37.3218286 -30 30 0
128.782055 -29.2179447 30 0.78205525
59.1566737 -30 30 0
158.81627 0.8162697 19.1837303 20
113.694025 -30 30 0
64.3257493 -30 30 0
193.367793 35.3677928 -15.3677928 20
134.76683 -23.2331698 30 6.76683018
171.163529 13.1635294 6.83647062 20
42.2518073 -30 30 0
134.083681 -23.9163186 30 6.08368141
54.8423623 -30 30 0
98.0332784 -30 30 0
66.3409226 -30 30 0
30.7258809 -30 30 0
87.8889823 -30 30 0
83.2196014 -30 30 0
130.421466 -27.5785339 30 2.42146613
63.2847819 -30 30 0
83.478256 -30 30 0
34.2419262 -30 30 0
95.5811574 -30 30 0
80.905278 -30 30 0
93.9871869 -30 30 0
51.4888134 -30 30 0
79.2890321 -30 30 0
129.983238 -28.0167618 30 1.98323815
90.3041976 -30 30 0
150.042536 -7.95746424 27.9574642 20
116.478841 -30 30 0
94.9430026 -30 30 0
72.1067029 -30 30 0
30.9441845 -30 30 0
97.3706659 -30 30 0
30.5308892 -30 30 0
50.4203098 -30 30 0
83.2772542 -30 30 0
75.9363649 -30 30 0
1.0826255 -30 30 0
72.9111783 -30 30 0
116.887417 -30 30 0
110.669257 -30 30 0
50.2548884 -30 30 0
66.6885018 -30 30 0
102.483155 -30 30 0
51.5582284 -30 30 0
139.742702 -18.2572985 30 11.7427015
66.2654575 -30 30 0
137.175589 -20.8244114 30 9.17558862
64.8725291 -30 30 0
35.2009178 -30 30 0
97.3302673 -30 30 0
62.9874269 -30 30 0
100.922317 -30 30 0
81.8153546 -30 30 0
117.858771 -30 30 0
83.713231 -30 30 0
80.4017507 -30 30 0
105.415472 -30 30 0
154.644345 -3.35565453 23.3556545 20
141.827266 -16.1727344 30 13.8272656
135.827475 -22.1725249 30 7.82747506
42.437328 -30 30 0
33.5621673 -30 30 0
82.1108743 -30 30 0
100.14982 -30 30 0
63.8440735 -30 30 0
113.846562 -30 30 0
80.6273779 -30 30 0
139.161239 -18.8387609 30 11.1612391
88.3099214 -30 30 0
78.6322771 -30 30 0
137.014866 -20.9851343 30 9.0148657
63.4770963 -30 30 0
29.135622 -30 30 0
83.8096309 -30 30 0
127.56328 -30 30 0
57.7200162 -30 30 0
49.3897611 -30 30 0
123.534199 -30 30 0
126.194174 -30 30 0
136.358976 -21.641024 30 8.35897601
39.3244357 -30 30 0
106.768722 -30 30 0
82.3840754 -30 30 0
96.7964329 -30 30 0
21.5724801 -30 30 0
65.3291734 -30 30 0
64.5317305 -30 30 0
88.5375519 -30 30 0
80.7877418 -30 30 0
22.5463995 -30 30 0
48.3776579 -30 30 0
57.6148225 -30 30 0
127.695917 -30 30 0
156.004002 -1.99599793 21.9959979 20
133.740493 -24.2595069 30 5.74049312
42.6634609 -30 30 0
102.178173 -30 30 0
160.722791 2.72279147 17.2772085 20
20.4060898 -30 30 0
72.1536348 -30 30 0
77.6571383 -30 30 0
82.5398032 -30 30 0
87.1686976 -30 30 0
83.9555811 -30 30 0
92.3695532 -30 30 0
74.0185742 -30 30 0
84.6938373 -30 30 0
77.4299533 -30 30 0
90.7240258 -30 30 0
79.2406031 -30 30 0
78.9132545 -30 30 0
55.4589569 -30 30 0
83.5116579 -30 30 0
47.0814361 -30 30 0
127.777166 -30 30 0
64.9707095 -30 30 0
62.7847508 -30 30 0
53.4751949 -30 30 0
106.277205 -30 30 0
33.6928904 -30 30 0
78.1046761 -30 30 0
89.8215404 -30 30 0
104.627319 -30 30 0
82.8144608 -30 30 0
26.5915451 -30 30 0
147.40475 -10.5952505 30 19.4047495
103.643026 -30 30 0
8.91805668 -30 30 0
60.47635 -30 30 0
48.2191249 -30 30 0
82.1741853 -30 30 0
109.973101 -30 30 0
112.344766 -30 30 0
102.241956 -30 30 0
65.0807133 -30 30 0
92.3547709 -30 30 0
141.748438 -16.2515621 30 13.7484379
112.553109 -30 30 0
104.294932 -30 30 0
58.569958 -30 30 0
118.341971 -30 30 0
99.7680397 -30 30 0
61.7276206 -30 30 0
174.012786 16.0127863 3.98721373 20
38.1145745 -30 30 0
76.4569327 -30 30 0
84.0438313 -30 30 0
31.8000484 -30 30 0
101.653242 -30 30 0
97.6844621 -30 30 0
133.974265 -24.0257349 30 5.9742651
34.3460484 -30 30 0
81.0409801 -30 30 0
60.23173 -30 30 0
153.451037 -4.54896339 24.5489634 20
44.5287248 -30 30 0
124.676439 -30 30 0
47.8880993 -30 30 0
88.5267831 -30 30 0
66.2045175 -30 30 0
40.331352 -30 30 0
121.807341 -30 30 0
46.9887033 -30 30 0
99.3968919 -30 30 0
35.3481542 -30 30 0
-0.71219536 -30 30 0
29.587237 -30 30 0
72.2553728 -30 30 0
95.5750124 -30 30 0
125.271341 -30 30 0
27.3559654 -30 30 0
67.3868651 -30 30 0
117.526663 -30 30 0
121.620673 -30 30 0
68.6168144 -30 30 0
51.281375 -30 30 0
140.535116 -17.4648843 30 12.5351157
101.846493 -30 30 0
120.906647 -30 30 0
98.0897236 -30 30 0
100.015176 -30 30 0
95.6706514 -30 30 0
96.7516174 -30 30 0
83.7696067 -30 30 0
112.169153 -30 30 0
67.2641241 -30 30 0
125.724355 -30 30 0
144.84271 -13.1572905 30 16.8427095
80.596469 -30 30 0
99.7902819 -30 30 0
91.9110478 -30 30 0
64.0105027 -30 30 0
109.88721 -30 30 0
110.631784 -30 30 0
25.7612606 -30 30 0
104.089067 -30 30 0
33.9381264 -30 30 0
40.1448898 -30 30 0
63.1541395 -30 30 0
135.984366 -22.015634 30 7.98436602
34.7847635 -30 30 0
1.94702164
50
40
30
20
10
0
-50 0 50 100 150 200 250
-10
-20
-30
-40
CC VC Utilidad Combinada
Si edita esta forma o guarda el libro en un formato de archivo diferente, el gráfico no se podrá utilizar.
Si edita esta forma o guarda el libro en un formato de archivo diferente, el gráfico no se podrá utilizar.
St CC VC Utilidad Com Probabilidad de Éxito 80
65.9811247 -30 30 0 0
92.963363 -30 30 0 0 60
60
40
20
0
-50 0 50 100 150 200 250
-20
-40
-60
CC VC Utilidad Combinada
Si edita esta forma o guarda el libro en un formato de archivo diferente, el gráfico no se podrá utilizar.
Si edita esta forma o guarda el libro en un formato de archivo diferente, el gráfico no se podrá utilizar.
K 180 Control Costo
Costo 30
So
171.419998 ST Utilidad Payoff
0.57151391 303.575572 93.575572 123.575572
0.62269151 319.516266 109.516266 139.516266 Utilidad
-0.06043089 161.367728 -30 0 Opción Larga
-0.06043089 161.367728 -30 0
300
-0.02137405 167.794938 -30 0
0.16099587 201.363664 -8.63633579 21.3636642 250
0.09593241 188.679364 -21.3206358 8.6793642
200
0.24170742 218.28992 8.28992043 38.2899204
0.54404479 295.350108 85.3501082 115.350108 150
0.18981619 207.251466 -2.74853426 27.2514657 100
0.48225194 277.652024 67.6520236 97.6520236
0.49524411 281.282861 71.2828614 101.282861 50
0.18809812 206.895698 -3.10430163 26.8956984 0
0.10227017 189.878964 -20.1210357 9.87896427 50 100 150 200 250 300
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
350
300
250
200
150
100
50
0
50 100 150 200 250
26.31%
26.53%
Beneficio
Opción Larga - Compra
Volatilidad : Este parámetro es homólogo al riesgo. Por tanto, un mayor de esta variable encare la opción por la incertidumbre
Tiempo: Un mayor tiempo esta asociado con incertidumbre. Y esta última a riesgo. En este escenario se encare la opción
Media: A una mayor media se amplia la probabilidad de ejecutar la opción por ende se encare más
Modelación Put
St
Escenarios
Media Desviación K T PayOff Var
Base 26.31% 26.53% 180 1 5.59827012
Menor Volatilidad 26.31% 15.00% 180 1 1.032754 -4.57
Mayor Volatilidad 26.31% 40.00% 180 1 10.3808477 4.78
Mayor Tiempo 26.31% 26.53% 180 3 8.17026659 2.57
Menor Media 15.00% 26.53% 180 1 10.0778512 4.48
Mayor Media 40.00% 26.53% 180 1 1.8885683 -3.71
Volatilidad : Este parámetro es homólogo al riesgo. Por tanto, un mayor de esta variable encare la opción por la incertidumbre
Tiempo: Un mayor tiempo esta asociado con incertidumbre. Y esta última a riesgo. En este escenario se encare la opción
Media: A una mayor media se disminuye la probabilidad de ejecutar la opción por ende se disminuye su valor
PayOff- Call
350 319
300
250
200
150
100 70 82
59
pción por la incertidumbre asociada. 50 40 37
se encare la opción
0
Base Menor Mayor Mayor Tiempo Menor Media Mayor Media
Volatilidad Volatilidad
PayOff- Put
12
10 10
10
8
8
6 6
4
2
2 1
0
Base Menor Mayor Mayor Tiempo Menor Media Mayor Media
Volatilidad Volatilidad
10
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
100
90
80
70
60
50
40
30
20
10
0
50 100 150 200 2
26.31%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
100
90
80
70
60
50
40
30
20
10
0
50 100 150 200 250
15.00%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
80
70
60
50
40
30
20
10
0
0 100 200 300
40.00%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
160
140
120
100
80
60
40
20
0
0 500 1000 1500 2000 25
26.31%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
140
120
100
80
60
40
20
0
0 100 200 3
26.31%
40.00%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
40
35
30
25
20
15
10
5
0
100 150 200 2
26.31%
15.00%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
180
160
140
120
100
80
60
40
20
0
100 150 200 2
26.31%
15.00%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
700
600
500
400
300
200
100
0
0 100 200 300 400
26.31%
40.00%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
2500
2000
1500
1000
500
0
0 500 1000
26.31%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
250
200
150
100
50
0
50 100 150 200
15.00%
26.53%
Beneficio
Opción Larga - Compra
versión de Excel.
Beneficio
n un formato de archivo diferente, el gráfico no se podrá utilizar. Opción Lar
350
300
250
200
150
100
50
0
50 100 150 200 250
40.00%
26.53%
Beneficio
Opción Larga - Compra
Utilidad
192.224705 34.2247046
125.969048 -30 Utilidad
222.352526 64.3525259 Opción Larga - Compra
293.591441 135.591441
250
133.254597 -24.7454027
166.849483 8.8494832 200
204.399293 46.3992928
153.185747 -4.8142526 150
232.536765 74.5367653
100
176.770948 18.7709484
361.40562 203.40562 50
269.905813 111.905813
296.297227 138.297227 0
100 150 200 250 300
143.003242 -14.9967575
-50
222.962812 64.962812
182.778074 24.7780738
185.202236 27.2022359
151.576207 -6.42379264
303.968164 145.968164
251.428301 93.4283011
174.450595 16.4505955
53.7211333
ga - Compra
Utilidad
100 16
105 11 Utilidad
110 6 Opción Larga - Venta
115 1
20
120 -4
125 -9 10
130 -14
135 -19 0
100 105 110 115 120 125 130 135 140 145 150 155 160 165 170
140 -24
-10
145 -29
150 -34 -20
155 -36
160 -36 -30
165 -36
-40
170 -36
175 -36
180 -36
185 -36
190 -36
195 -36
200 -36
rga - Venta
150 155 160 165 170 175 180 185 190 195 200
St 152 Control Costo Control St
Costo 36
Utilidad
100 -16
105 -11 Utilidad
110 -6 Opción Corta - Venta
115 -1
40
120 4
125 9 30
130 14
135 19 20
140 24
10
145 29
150 34 0
100 105 110 115 120 125 130 135 140 145 150 155 160 165 170
155 36
160 36 -10
165 36
-20
170 36
175 36
180 36
185 36
190 36
195 36
200 36
rta - Venta
150 155 160 165 170 175 180 185 190 195 200