PUT ON A PUT
One of the four types of compound options, this is a put option on another underlying put option. The buyer of a put on a put has the right but not the obligation to sell the underlying put option - also known as the vanilla option - on the expiration date. This type of option is used when leverage is desired, and the trader is moderately bullish on the underlying asset. The value of a put on a put changes in direct proportion to the price of the underlying asset, i.e. it increases as the asset price increases, and decreases as the asset price decreases.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
