然后我会讨论期权市场，到这课程就快要结束了。
Then I want to talk about options markets — this is getting close to the end of the course.
货币期权市场还很年轻。
指数和期权市场—芝加哥商品交易所的一部分。
Index and Options Market part of the Chicago Mercantile Exchange.
接下来的内容将会是期权市场,讲到这里课程也就接近尾声了
Then I want to talk about options markets-- this is getting close to the end of the course.
开伯顿称：“期权市场显示通胀的不确定因素已经一飞冲天”。
“The options market tells us that inflation uncertainty has rocketed, ” says Mr Capleton.
同时指出了农产品期权市场对农产品价格风规避中的存在的一系列系列问题。
It also points out a series of problems existing in the evading the price risk of the options market.
当然，期权市场参与者对此很明智，期权定金很高足以阻止许多投资者利用单纯型选择权波动交换。
Of course, options market participants are already wise to this, and option premiums are high enough to deter many investors from making use of plain-vanilla volatility swaps.
研究零售商在由实时市场和供给受限的期权市场构成的组合市场中最优采购策略的问题。
Research is done on retailers optimal sourcing decision in a portfolio market which consists of spot market and options market with the supply constraints.
期权市场规模虽小，却可作为反映较长期观点的指标，因为该市场的参与者往往比现货市场投资者看得更长远。
While the options market is small, it serves as an indicator of longer-term views because its participants tend to look further into the future than those trading in the spot market.
美元对其他主要货币的名义贬值一直是有序的，而且，期权市场也表明，投资者现在也不预期货币会出现剧烈的变动。
The nominal depreciation of the U. s. dollar versus the other major currencies has been orderly, and options markets suggest that investors are not expecting sharp currency movements.
纳斯达克计划开设自己的期权市场，如果不能买一个的话——它已经与费城交易所展开谈判。 费城交易所成功实现了从股票到期权的转型。
NASDAQ plans to open its own options market, if it does not buy one (it has held talks with the Philadelphia exchange, which has had some success switching from stocks to options).
上周它冻结了一些匿名投资者500万美元利润并提起了诉讼，原因是他们在德州事业（证券代码TXU）被收购的消息发布前，通过期权市场进行套利活动。
Last weekit filed a suit against unknown investors who had profited in theoptions market before the announcement of a takeover of TXU, the Texanutility.
向期货、期权和互换转换的吸引力在于，相对于普通的股票交易，衍生品市场越来越赢得更高的估值。
The attraction of moving into futures, options and swaps is that derivatives markets tend to command higher valuations than those that trade only shares.
由于没有基础市场报价，与这些股票相关的期权也无法交易。
Options traded on these shares also cannot trade - there is no underlying market to quote them against.
在市场平静的时候，愿意出售期权的人增加，使它们的价格，也就是隐含波动性的等级下降。
In quiet markets, the number of people who want to sell options increases, driving their prices, and thus the level of implied volatility, down.
他建议投资者利用期权工具在不确定的市场中进行短期押注。
He also advocates turning to options to make shorter-term bets in a murky market.
他们会卖出期权，出售承担极端市场风险的保险以赚取保险费。
They will write options, earning premiums for selling insurance against extreme market movements.
卖出期权的危险在于，当市场动荡不堪时，其风险并非逐步显现，而是在极短的时间内突然爆发。
Put options are so dangerous because when markets are volatile, their riskiness does not rise steadily, but spikes very sharply within a very short space of time.
这一现象在期权的隐含波动率中显示出来，隐含波动率正是狂乱的投资者们所预见的市场波动的反映。
This shows up in the "implied volatility" of the option, which indicates how wild investors expect market swings to be.
投资者愿意支付的期权价格取决于一系列因素，包括利率以及标的资产的市场价格和行权价格的关系。
The price an investor is willing to pay for an option depends on a number of factors including interest rates and the relationship between the market price and the exercise price.
《金融时报》解释称，这种风险在场外交易市场尤其普遍，而交易所开放式指数基金(etf)、外汇期权和多种大宗商品衍生品的通常进行场外交易。
The FT explains that this risk is particularly prevalent in over the counter markets, where ETFs, foreign exchange options and a number of commodity derivatives trade.
最近它设立了的一家期权交易所，已占据了全美11%的市场。
It also recently set up an options exchange, which already has more than 11% of the American market.
在去年危机期间，集中清算保护了股票期权、黄金期货以及能源期货衍生品市场。
Central clearing protected the markets for equity-option, gold-future and energy-future derivatives during the meltdown last year.
蒙特利尔交易所，很那算大交易所，也将其优良的SOLA交易系统打入了亚洲的交易所市场，波士顿期权交易所已经在用它了。
The Montreal exchange, hardly a colossus, has successfully marketed its impressive SOLA trading system to bourses in Asia. Boston's options exchange already USES it.
最近度量投资者们对市场的不确定性的最好方法是看看VIX即波动率指数，在芝加哥期权交易所交易。
The clearest measure of recent investor uncertainty is the VIX or volatility index, traded on the Chicago Board Options Exchange.
最近度量投资者们对市场的不确定性的最好方法是看看VIX即波动率指数，在芝加哥期权交易所交易。
The clearest measure of recent investor uncertainty is the VIX or volatility index, traded on the Chicago Board Options Exchange.
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