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: current pricing attractiveness, historical performance of different long-dated call structures, and the relative magnitude of risks in long call positions.
documents/vol00010-efta01365002-pdf.pdf
{"title":"US Derivatives Spotlight","document_date":"2013-12-03","document_type":"correspondence","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0055586","SDNY_GM_00201770","EFTA01365002"]}