intl fcstone, inc. and its affiliates assume no liability for the use of this information contained...
TRANSCRIPT
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Análisis del Mercado de Granos Forrajeros
SIGAN 2011
Simposio de Inovación Ganadera
División América Latina
OFERTA/DEMANDA MUNDIAL DE MAÍZ, USDA (mtm)- Julio 2011
09/10 10/11 (Est.) 11/12 (Jun) 11/12 (Jul)MTM MTM MTM MTM
Inv. Inicial 147.24 143.63 117.44 120.88Producción 812.98 820.02 866.18 872.39Importaciones 90.29 91.27 90.26 91.66Disponible 1050.51 1054.92 1073.88 1083.53
Forraje 483.51 495.10 514.35 517.30Exportaciones 96.98 90.16 93.20 94.92Uso Total 816.59 842.77 871.74 877.61
Inv. Final 143.63 120.88 111.89 115.66
Inv fin/uso 17.59% 14.34% 12.84% 13.18%
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
CALENDARIO AGRICOLA MUNDIALJULIO - CULTIVOS DE VERANO
CALENDARIO AGRICOLA MUNDIALJULIO - CULTIVOS DE INVIERNO
OFERTA Y DEMANDA DE MAIZ EN LOS EUA (Julio 2011)
(Millones de-) Acres Has Acres Has Acres HasSup. Sembrada 88.2 35.69 90.7 36.71 92.3 37.35 Sup. Cosechada 81.4 32.94 83.2 33.67 84.9 34.36
Bu/Acre TM/Ha Bu/Acre TM/Ha Bu/Acre TM/Ha152.8 9.59 158.7 9.96 158.7 9.96 Bu MTM Bu MTM Bu MTM
Inventario Inicial 1,708 43.39 730 18.54 880 22.35 Producción 12,447 316.17 13,200 335.30 13,470 342.15 Importaciones 30 0.51 20 0.51 20 0.51 Disponible 14,185 360.06 13,950 354.35 14,370 365.01
Uso Forrajero 5,000 127.01 5,000 127.01 5,050 128.28 Alim/Semilla/Industrial 6,430 163.33 6,455 163.96 6,550 166.38
Etanol 5,050 128.28 5,050 128.28 5,150 130.82
Exportaciones 1,875 47.63 1,800 45.72 1,900 48.26 Uso Total 13,305 337.96 13,255 336.69 13,500 342.92
Inv. Final 880 22.10 695 17.65 870 22.10 Inv fin/uso 6.54% 5.24% 6.44%
11/12 (Jun)
Rendimiento
11/12 (Jul)10/11 (Est.)
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
2010 Producción Mundial de Maíz (mtm)
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Un rendimiento de 158 Bu/ac dejaría los inventarios de otoño un poco mayores que el año pasado. Los futuros cotizaron el año pasado en un rango de $5.10 a $6.00 hasta el otoño.
Los modelos de precio de FCStone sugieren que necesitaremos un rendimiento de 156 Bu/ac o inferior para mantener los futuros de Diciembre en los niveles actuales hasta la cosecha en Octubre.
Un rendimiento de 153.2 nos dejará con un inventario tan bajo que hará necesaria la racionalización de la demanda
RANGO DE PRECIOS
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
COSTO DE PRODUCCION DE MAIZ
El costo de producir maíz en uno de los estados mas representativos productores de los Estados Unidos (Illinois) promedia entre 635 USD/ac. y 739 USD/ac.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INUNDACION 2011
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
ESCENARIO DE SIEMBRA
?
Ventas de exportación
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
2010EXPORTACIÓN MUNDIAL DE MAÍZ (MMT)
Oferta y Demanda Mundial Maiz USDA / Julio 2011BRASIL- CHINA- ARGENTINA (Est. 10/11)
10/11 11/12 10/11 11/12 10/11 11/12MTM MTM MTM MTM MTM MTM
Inv. Inicial 9.99 8.69 0.59 1.00 51.31 53.71 Producción 55.00 55.00 22.00 26.00 173.00 178.00
Importaciones 1.00 1.00 0.01 0.01 1.50 2.00 Disponible 65.99 64.69 22.60 27.01 225.81 233.71
Exportaciones 8.50 8.00 14.50 18.00 0.10 0.20 Uso Total 48.80 50.50 7.10 7.50 172.00 182.50
Inv. Final 8.69 6.19 1.00 1.51 53.71 51.01
BRASIL ARGENTINA CHINA
USO DE MAIZ (MTM) – CHINA –
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
MEXICO
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
2010IMPORTACIONES MUNDIALES DE MAIZ
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
OFERTA/DEMANDA DE SORGO EN LOS EUA-Julio 2011
(Millones de-) Acres Hectareas Acres Hectareas Acres HectareasSup. Sembrada 5.40 2.19 5.60 2.27 5.30 2.14 Sup. Cosechada 4.80 1.94 4.90 1.98 4.60 1.86
Bu/Acre TM/Ha Bu/Acre TM/Ha Bu/Acre TM/Ha71.80 4.51 65.30 4.10 65.40 4.10 Bu MTM Bu MTM Bu MTM
Inv. Inicial 41 1.04 32 0.81 27 0.69 Producción 345 8.76 320 8.13 300 7.62 Importaciones - - - - - - Disponible 387 9.83 352 8.94 327 8.31
Forraje 125 3.18 90 2.29 80 2.03 Industrial 95 2.41 95 2.41 90 2.29 Exportaciones 140 3.56 135 3.43 130 3.30 Uso Total 360 9.14 320 8.13 300 7.62
Inv. Final 27 0.69 32 0.81 27 0.69 Inv fin/uso 7.50% 10.00% 9.00%
10/11 (Est.) 11/12 (Jun)
Rendimiento
11/12 (Jul)
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
PLANTAS DE ETANOL EN LOS EUA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Mientras la trayectoria del consumo de maíz para etanol ha aumentado de manera estable en los últimos cinco años, el hecho que ahora haya superado oficialmente la industria de forraje animal en el país, marca la primera vez que la mayoría del cultivo de maíz de EUA será consumida por el uso industrial en lugar que la industria alimenticia.
CLIMA
EUA - HUMEDAD EN EL SUBSUELO Mayo 2011
PRONOSTICO 30 DIAS
Clima «aparentemente benigno» para la zona productora de maíz en los EUA
PRONOSTICO 6-10 DIAS
Muy altas temperaturas y baja precipitación en la región central de los EUA, mantendrá a los especuladores muy
activos en el mercado
COMPORTAMIENTO DEL MERCADO DE MAIZ CONTINUO
CZ1
PRECIOS DEL MAÍZ EN EL CBOT DE LOS ULTIMOS 5 AÑOS
ESTACIONALIDAD MAĺZ
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Análisis del Mercado de la Leche
SIGAN 2011
Simposio de Inovación Ganadera
División América Latina
Consumo Mundial de Leche
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
El consumo de leche en México continúa siendoUno de los más bajos del Mundo y brindando unaOportunidad importante
La producción mundial de leche es muy similar a la de consumo
Producción de Leche en USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Millones de libras mensuales
La producción se ha incrementado este año a pesar del costo de alimentación
Producción Mensual por Vaca
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Libras de leche mensuales
725
748
771
793
816
839
861
864
Kilogramos de leche mensuales
La genética sigue siendo el factor más importante en el incremento de la producción por vaca
Precio Continuo de la Leche
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
$/cwt
Contrato de Leche de Septiembre 2011
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Precio de la leche
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Precio de la leche Vs. Índice Dow Jones
Leche Fluida Clase III
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Población de Vacas al Mes de Junioen 23 estados de USA
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Número de Vacas en Producciónen 23 estados
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Reemplazos de Vaquillas +500 lbs
+3.7%
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Establos Lecheros del 2001 al 2010En USA
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Producción de leche, 2001 al 2010En 23 estados
Producción USA
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Producción por vaca, 2001 a 2010
Condiciones del Mercado de la Leche
• Alcistas:– Incremento de la demanda en países deficitarios– Altas temperaturas en las zonas de producción– Baja eficiencia alimenticia– Raciones de menor contenido nutricional
• Bajistas:– Situación económica mundial– Elevada población de vaquillas en ranchos– Incremento en la producción mundial de leche
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
INTL FCStone, Inc. and its affiliates assume no liability for the use of this information contained and expresses no solicitation to buy or sell futures, options on futures contracts, or OTC products. Commodity trading involves risks and past financial results are not necessarily indicative of future performance. Any hypothetical examples given are exactly that and no representation is being made that any person will or is likely to achieve profits or losses based on those examples. Reference to and discussion of OTC products are made solely on behalf of INTL Hanley, LLC. Reproduction without authorization is forbidden. All rights reserved.
Seminario Práctico en Administración de RiesgoSeminario Práctico en Administración de Riesgo
6 - 9 de Septiembre, 2011
Mercado de Futuros - Bases y Diferenciales – Volatilidad (¿Qué es? ¿Cómo medirla? ¿Cómo interpretarla? ¿Cómo afecta a nuestra operación?) - Cobertura de Riesgo Utilizando Opciones (Conceptos básicos en opciones, La importancia del Valor Tiempo en el precio de las opciones, Valuación de primas. Las letras griegas. Delta, ¿Cómo reducir el costo de cobertura en compra simple de opciones?) - Valuación de primas (Las letras griegas. Gamma, Theta y Vega, Estrategias Avanzadas con Opciones, Ejercicios) - Mercados OTC (Over The Counter). – (Opciones con Fecha de Expiración Arbitraria, Opciones y swaps de precio promedio, Acumuladores Productor, Acumuladores Consumidor)
Hotel SedeUnion League Club of Chicago Hotel
65 W Jackson BlvdChicago Il 60604