| dc.description.abstract | Derry Aditya (2012). “Comparative Analaysis of Call Option Applications
Using Butterfly Strategy and Condor Strategy to Return on Invesment in
Option Contract (Case of LQ45 Index on the Indonesian Stock Exchange
Period of 2008 – 2010).”
Invesment is the instrument which made by the purpose to obtain money. In detail
the investor done the investment by investing certain amount of capital in
financial assets or tangible assets. In the application, investment needs a function
of hedging that help the investor to avoid big number of loss. The instrument that
provides function of hedging in invesment is option, with Butterfly Spread
Strategy and Condor Spread Strategy the investor will get a function of hedging
on option.
For that Reason, this reasearch is conducted to know the best strategy between
Butterfly Spread Strategy and Condor Spread Strategy in obtain good return on
invesment in option contract of LQ45 index within period of 1 month, 2 months,
and 3 months contract in period of 2008 – 2010.
Black Scholes Option Pricing Model is used to estimate call option price and
followed by calculating the return on invesment of both strategies from chosen
period.
Overall, the results of this research show that Buterfly Spread Strategy is good
option strategy in terms of return on invesment within period of 1 month, 2
months, and 3 months contract in period of 2008 – 2010.
Keywords : Financial Management, Investment, Derivatives, Option, Buttefly
Strategy, Condor Strategy | en_US |
