| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險所 === 92 === This text is that one has original and unprecedented research. Whether the value of the open interest of the TAIEX Option fluctuated to the index of the futures is related, it has been the focus that a lot of people have paid close attention to all the time , but has not still found out the answer to consistency yet on the domestic positive research of market of option. The research of the relation among the futures and spot market of documents, often relied mainly on discussion of the behavior of the price in the past, domestic the value of open interest has determined the trade tactics of the futures and option as the researcher with the option of the futures, it is not really many. So the value of open interest through the TAIEX option has been as the research object, adopt the real example of the price of real marketing to analysis, the influence on sellers of the option that probe into the price of the futures and fluctuate. The real example result is as follows:
(1) It is closely connected with the sellers of option hold the position and fluctuates apparently to profit expiring and price of futures.
(2) In the course of practice trading that choosing the exercise price of the option is one of the most difficult subjects to find. This text suppose, can utilize the whole open interest of option to find the average price of whole exercise price which we could call cost of seller (whether author " the Exercise Even Price " title it), which will increase the ability of decision basis and judgement of the dealers on the practice trade.
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