Indeksifutuurin

Indeksifutuurin is a financial derivative contract. It gives the buyer the right, but not the obligation, to buy or sell an index at a predetermined price on a future date. The seller is obligated to fulfill the contract if the buyer exercises their option. The underlying asset of an indeksifutuurin is a stock market index, such as the S&P 500 or the DAX.

These contracts are used for several purposes. Investors can use them to speculate on the future direction of the stock market. If an investor believes an index will rise, they can buy a call option. If they believe it will fall, they can buy a put option. Indeksifutuurin can also be used for hedging. Portfolio managers can use them to protect their existing investments against adverse market movements. For example, if a manager holds a portfolio of stocks that mirrors an index, they can sell an indeksifutuurin to offset potential losses if the market declines.

The price of an indeksifutuurin is influenced by several factors. These include the current level of the underlying index, the time remaining until expiration, expected future volatility, interest rates, and any dividends expected to be paid by the constituent stocks of the index. The contract is typically settled financially, meaning the difference between the agreed-upon price and the index's value at expiration is paid to the buyer or seller, rather than the physical delivery of assets.