潘同学2019-06-05 13:32:25

Q. An investor writes a put option on FTSE 100 Index futures. Which of the following best describes the investor’s position with respect to the put contract and her exposure to the underlying index future, respectively? A.Long, short B. Short, long C.Short, short B is correct. The investor has written a put contract, which means she is short the option. She, therefore, must satisfy the obligation to purchase the asset if requested to do so by the put owner. The investor has a long exposure to the risk of the underlying index future because she benefits when its quoted price increases—that is, when the put declines in value (or suffers a loss when its quoted price decreases as the put increases in value). 请问这道题write a put option 是什么意思？是 short put 吗？如果是的话，那敞口应该是short吧？