Patrick Boyle

Patrick Boyle
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Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social

  1. -1 h

    Factors That Impact Option Prices

    Factors That Impact Option Prices - Option TradingThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleFactors Impacting Stock Options PricesThe main factors impacting the premium price of stock options are:• The current stock price S0• Strike price agreed on K• Time to maturity/expiration T• Volatility of the stock price • Risk-free interest rate r• Dividends expected during option lifeThe Impact of Spot Prices on Option PricesThe price of the underlying is the key factor that determines the premium price of an option. The options payoff is the difference between the spot price and the strike price. The price of an option premium for a given strike price will change based on the price of the underlying stock.Long call options are more valuable when the underlying spot price increases.Long put options become more valuable when the underlying spot price decreases.Strike PriceThe strike price is the contracted price that will be exchanged in the event of the exercise of the option by the option buyer. Hence strike price plays a vital role in determining the premium price of an option. The exercise price will remain the same throughout the life of an option contract and will not undergo any change, with the earlier-noted exceptions of relatively rare corporate actions such as special dividend announcements and stock splits. Time to Maturity/ExpirationWith more time, there is more uncertainty. The more time to expiration, the greater the chance that there will be fluctuation in the price of the underlying to the advantage of one of the parties to the contract. Thus, the greater the time, the higher the time value of the option. An option’s premium price is directly related to the time remaining till expiration. The buyer of an option stands to gain if the option contract finishes in the money. If there is more time to expiration, the chance of the option ending in the money is higher. As the time to expiration of an options contract passes, the value of the option erodes.If an investor buys an option that is one year away from expiration, it will obviously be more expensive than a similar option that is only five minutes away from expiration. All options exhibit time decay and are wasting assets.The Volatility of the Stock PriceThe volatility of a stock price is a measure of how uncertain we are about future stock price movements. The standard deviation of the historical price movements of the underlying asset over a defined period of time is typically used to measure the volatility of that asset. The higher the volatility is, the more likely it is that an asset’s price will move up or down a lot. Thus, an option on a volatile asset is worth more than an option on an asset with little volatility. If a market becomes more volatile, the premium for option contracts, both puts and calls, would go up. Someone who bought options earlier would benefit if market volatility increases to the detriment of the person who sold the options to them.Interest RatesThe cost of carry depends on the risk-free rate of interest in the market concerned. The higher the interest rate, the higher the call option price and lower the put option price. The lower the interest rate, the lower the call option price and higher the put option price. Higher interest rates have two impacts on stock options valuations:1. Higher expected return on stock2. The present value of future cash flows of an option decreaseIf all else is kept equal, an increase in interest rates increases call prices and decreases put prices.Expected DividendsStock dividends are paid only to the holder of the underlying security on the rec Learn more about your ad choices. Visit megaphone.fm/adchoices

    Factors That Impact Option Prices

  2. -2 h

    Canada is a Warning to the Rest of the World!

    Genspark has launched All-in-one AI Workspace 3.0.🔥 Genspark AI Workspace 3.0 is HERE!Powered by Genspark Claw — your smart AI agent that automates any daily task in one chat.Build workflows, run cloud tasks, scrape data, generate reports, and collaborate — all in one place, no code needed.🎁 NEW USER BONUSGet started with @GensparkProduct — free credits when you sign up: https://www.genspark.ai/?utm_source=yt&utm_campaign=PBoyle02Work smarter, not harder.👉 Start free today!#Genspark #WorkwithGensparkCanada has every advantage a country could ask for — vast natural resources, a stable democracy, world-class universities, and a highly educated population. So why has its GDP per capita fallen from 80% of the American level to around 70% in little more than a decade? In this video, we look at how a protected economy, a housing market that rewarded sitting still over building things, and a productivity gap that has been quietly compounding for thirty years have combined to create what the Bank of Canada called a "productivity emergency" — and what it might mean for the rest of the developed world.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Canada is a Warning to the Rest of the World!

  3. -4 h

    What is Put Call Parity? How does it work?

    Today we will learn about put call parity and how it works,These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Put-Call ParityPut-call parity is a no arbitrage principle that specifies the relationship between the price of European put options and European call options, with the same underlying asset, strike price and expiration date. Put-call parity states that simultaneously holding a short European put and long European call of the same class will deliver the same return as holding one forward (or futures) contract on the same underlying asset, with the same expiration, and a forward price equal to the option's strike price. If the prices of the put and call options diverge so that this relationship does not hold, an arbitrage opportunity would exist, meaning that arbitrage traders would be able to earn a risk-free profit. Such opportunities are uncommon and short-lived in liquid markets.The equation expressing put-call parity is:C + PV(x) = P + Swhere:C = price of the European call optionPV(x) = the present value of the strike price (x), discounted from the value on the expiration date at the risk-free rateP = price of the European putS = spot price or the current market value of the underlying assetPut-call parity applies only to European options, which can only be exercised on the expiration date, and not American options, which can be exercised before. Watch Patrick's other videos on covered calls and protective puts to better understand this concept.Covered Call Video: https://www.youtube.com/watch?v=UlC9iM2Wh7IProtective Put Video: https://www.youtube.com/watch?v=MUs4jga-NAI&t=26sWhat is Put Call Parity? How does it work? put call parity formula Learn more about your ad choices. Visit megaphone.fm/adchoices

    What is Put Call Parity? How does it work?

  4. -5 h

    How Did the Metaverse Fail So Badly?

    🚀 Streamline your entire business with Odoo — the all-in-one, easy-to-use ERP platform that centralizes, automates, and scales your operations from sales and accounting to inventory and eCommerce 📈⚙️. Try Odoo for 15 days (no credit card required) 👉🏻 https://www.odoo.com/r/t7pIn October 2021, Mark Zuckerberg stood in front of the world and announced that the future of human interaction would be something called the metaverse. He was so confident about this that he renamed his three-billion-user company after it. Over the following four years, Meta spent $88 billion building a virtual world that almost nobody visited, featuring avatars that — for reasons that were never fully explained — did not have legs. Wall Street predicted five billion users. Consultants declared it too big to ignore. A man paid $450,000 to become Snoop Dogg's virtual neighbour. The metaverse peaked at around 900 daily users. This is the story of what went wrong, and what it cost.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    How Did the Metaverse Fail So Badly?

  5. -6 h

    What is a Protective Put? Options Trading Strategies

    These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is a Protective Put? A protective put is a trading or investment strategy that investors can use to guard against losses in a stock or other asset. The put option acts like an insurance policy—it costs money, which reduces the investor's potential gains from owning the security but also reduces the risk of losing money if the security declines in value. A protective put is also known as a married put. Breaking Down the Protective Put Protective puts involve being long a stock and purchasing put options for that stock with a strike price that is near the underlying stock's current price or slightly out of the money. A protective put is typically used when an investor is still bullish on a stock but wishes to hedge against potential losses and uncertainty.Profit and Loss The maximum profit of a protective put is theoretically unlimited as the strategy involves being long on the underlying stock. If the stock keeps rising, the long stock position benefits and the bought put option isn't needed.The maximum loss is limited to the purchase price of the underlying stock less the strike price of the put option and the premium paid. The strike price of the put option acts as a barrier where losses in the underlying stock stop. The ideal situation in a protective put is for the stock price to increase, as the investor would benefit from the long stock position. In this case, the put option will expire worthless, but the stock will have increased in value.Take a look at my other two videos in this series, one on covered calls and one on put call parity where we learn the relationship between a protective put and being long a call option.Covered Call Video: https://www.youtube.com/watch?v=UlC9iM2Wh7IPut Call Parity Video: https://www.youtube.com/watch?v=LPrlfElGZJ0&t=0s Learn more about your ad choices. Visit megaphone.fm/adchoices

    What is a Protective Put? Options Trading Strategies

  6. -7 h

    An Introduction To Options - Revision Lecture

    Buy The Book Here: https://amzn.to/2Vo18lnFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle Learn more about your ad choices. Visit megaphone.fm/adchoices

    An Introduction To Options - Revision Lecture

  7. -7 h

    Prediction Markets Are a Scam With a Chart

    Level up your note-taking with Plaud NotePro at https://bit.ly/4c9s3bC and use code “PBOYLE” for 10% OFF!Amazon: https://bit.ly/483LfoU#PLAUD #NoteTakerPrediction markets like Kalshi and Polymarket have been described as "truth machines" that produce more accurate forecasts than traditional polling. In this video we look at how they actually work, why the federal government is fighting individual states over who gets to regulate a bet on a football game, how a soldier allegedly used classified military intelligence to win money on a crypto betting site, and why quantitative trading firms are now paying traders $200,000 a year to build algorithms that systematically take money from retail bettors. We also look at the political connections behind these platforms, the academic research on the social cost of making it very easy to gamble from your phone, and why — after all of this — you still can't trade futures on onions.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Prediction Markets Are a Scam With a Chart

  8. -8 h

    What is a Covered Call? - Options Trading

    What is a Covered Call? - Options Trading StrategiesThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleA covered call (oftenalso called a "buy-write" strategy) is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying security, such as shares of a stock or other securities. According to put call parity, the strategy has the same payoffs as being short a put option. (See my video on put call parity)The long position in the underlying instrument is said to provide the "cover" as the shares can be delivered to the buyer of the call if the buyer decides to exercise. Writing (or selling) a call generates income in the form of the premium received from the option buyer. And if the stock price remains stable or increases, then the writer will be able to keep this income as a profit, even though the profit may have been higher if no call were written. The risk of stock ownership is not eliminated. If the stock price declines, then the overall position will lose money. Since in equilibrium the payoffs on the covered call position is the same as a short put position, the price (or premium) should be the same as the premium of the short put or naked put.Watch Patrick's Other Videos On This TopicProtective Put Video: https://www.youtube.com/watch?v=MUs4jga-NAI&t=26sPut Call Parity Video: https://www.youtube.com/watch?v=LPrlfElGZJ0&t=1s Learn more about your ad choices. Visit megaphone.fm/adchoices

    What is a Covered Call? - Options Trading
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À propos

Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social

Informations

  • Création
    Patrick Boyle
  • Années d’activité
    2026
  • Épisodes
    90
  • Classification
    Tous publics