袁同学2020-09-01 10:08:08

put 的价格是在资产价格变高、还是变低的时候，put 的价格会更高？ or put option, the delta will underestimate the price effect of decrease in the underlying equity and will overestimate the price effect of increase in the underlying equity. this is due to the convex relationship between put option prices and the price of the underlying equity .this can be addressed by adjusting the put option price for the effect of gamma,which is analogous to the convexity adjustment of a bonds’ price. 这段话应该怎么理解？