The document discusses the benefits of buying long-dated call options for investors seeking equity exposure. It highlights the attractive pricing of long-dated calls on the SPX index and their embedded risk management characteristics. The note is divided into three parts: the attractiveness of current pricing, historical performance of different long-dated call structures, and the relative magnitude of risks in long call positions.
documents/vol00010-efta01364940-pdf.pdf
{"title":"US Derivatives Spotlight","document_date":"2013-12-03","document_type":"other","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0055499","SDNY_GM_00201683","EFTA01364940"]}