River Options

1. INTRODUCTION Many works had been published, in Brazil and the exterior, with the objective to verify if the market of options and other derivativosinfluencia the price of the underlying assets negotiated the sight, in the day and tornodo expiration of these contracts. This influence is related the possible manipulations domercado the sight. Trader with a great position in contracts of it opoou of futures can be attemped to manipulate the price of the underlying asset, sejacomprando or vendendo this asset, before the expiration. The loss in the market sights is compensated by the profit in the market of derivatives. In this study, it is analyzed, the intradirio level, orelacionamento enters the activity of the market of options and the variations of preodo active underlying in the market the sight, in the Stock exchange of So Paulo. Main Ofoco is the activity of the market of purchase options and if this affects avolatilidade of the market the sight of the action-object. Since the pioneering work of Klemkosky (1978) on the efeitodia of expiration in the market American north, diverse authors if interessarampelo subject.

In Brazil it was not different, Brito and Sosin (1984) and Sanvicente eKerr (1989) had been the first national authors to apply the method deKlemkosky, of study of events, the data of the Stock exchange of the River of Janeiroe of So Paulo, respectively. To the measure that information more detailed on quotations deaes, of options and other derivatives had been being spread dedados way bank, the studies if sophisticating and focusing had been given intradirios. Oprimeiro study with this type of data and focus in the effect day of expiration (of future contracts) was of Stoll and Whaley (1987), in U.S.A. In Brazil, oprimeiro and only work on the subject until the moment are of eMonteiro Sanvicente (2005) that it evidenced, saw a model of simultaneous equations, aexistncia of manipulation of prices during the day of contract expiration deopes on the actions of the Telemar company.

Preparation

Only there is a reason for which the people do not obtain what they wish. It knows what is that reason? It knows that he is that so determining in the life of the people? In a word: preparation. The rich, successful and happy people, are preparation to have million dollars, are preparation to be successful, are preparation to enjoy the happiness that are deserved. The preparation is it everything. The prepared people receive what they wish. How to prepare itself she stops the success? How to prepare itself for the happiness? How to prepare itself for the wealth? All preparation begins with a desire. To wish something is the first step to obtain it. For more information see this site: Joint Chiefs of Staff. If it wishes to have any thing, if it wishes to be something, if it wishes to be with somebody, must begin by knowing what wishes.

To clarify it with all precision. The majority of the people only thinks that they wish something. But never they have been allowed to wish it with the heart, to wish it its being yet. To wish with the heart is a science. He is something that can be learned. In its book the SECRET OF the POWER OF the GOALS, Andrew Corentt, presents/displays scientific method to use its desire and to turn it into being able, in a power that will attract everything to him what wishes. If you know what you wish, but she has not taken it at the required level to turn it into a powerful attractive, then force you you need to prepare the power. It would prepare the power guarantees to him that you will obtain what you wish and but the important thing that you enjoyed what you wish when arrives.

So that you prepare the power, the wealth and the success you can use positive affirmations. I am I list I I am strong I I am lucky! I obtain what I want I want when it! I obtain everything what desire I enjoy everything what arrives life Are examples of common affirmations that they work of excellent form to create a mentality focused in the success. Also he can create the most powerful affirmations in reverse, that are product of a unified mind, if it wishes to obtain a preparation better. The affirmations in reverse are the one of the techniques presented/displayed by Corentt in their book POWER TO TRANSFORM OUR LIVES. Another form to prepare the power is to take his mind images of success, wealth, luxury and everything what you wish. This can become by means of the visualization. It cannot visualize with facility? If it does not have facility to visualize then the best thing than it can do is to make use of the most modern technology to occur a hand. To visualize is obligatory to obtain something and you must learn to see what wishes. If it wishes to be able and PREPARATION FOR the POWER does not know to visualize I recommend the subliminal video to him, in which you will find a powerful tool to help yourself in the way of the success, the wealth and the happiness.