Hedging an Equity Portfolio Coursework Example | Topics and Well Written Essays - 2000 words

Hedging an Equity Portfolio - Coursework Example Zero cost collars can be defined as a strategy which is created by buying a put and selling a call in the same underlying security so that the strike price of the call gives rise to the exact amount of profit to negate the loss in the put option, so that the underlying scenario leads to neither loss nor gain. This action or strategy is mostly used by the bullish traders or investors who anticipate always a rise or a hike in value of the underlying securities and thus the investors want to protect their position by offsetting the excessive rise in prices by putting a collar or a ceiling and simultaneously creating a put to offset the hike in prices leading to profit. The zero cost strategy is mostly carried out using LEAPS options. The profit of the zero cost collars can be calculated by using the formulae- Purchase price of the shares – strike price of the call whereas the minimum loss can be a stock price at the beginning- strike price of put-/+ net credit or debit on trade.T he zero cost collar can be used to protect the investors investment effectively since utilizing this strategy we can mitigate the losses completely and even if the investor is a bullish trader then the zero collar strategy can be used to even reduce the amount of price hike or value hike in the case of the afore mentioned underlying securities. We have taken the date on 3/7/2014. Thus we have shown the strike price, sale price of the call and sell price of put of FTSE 100 index.

Playing Upon the String of Emptiness Essay Example for Free

Playing Upon the String of Emptiness Essay Nowadays, the search for something new has been greatly pursued. The availability of resources helped individuals to innovate. It impels them to work beyond the existing rules and surpassing limitations, be it in the field of music, architecture, literature, etc. The modernity of this world brought upon by globalization made it easier to reach cultures. Cultures that were bound by their physical territories before have been accessible because of modern technologies. This easy, unlimited exposure provides endless ideas and innovations that bring about different works of art. For Aleksandr Solzhenitsyn, this infinite flow of innovations or novelties offers unrestricted venues for artists to produce their works—venues that are free from rules and do not conform to a certain set of standards. According to him, this poses a threat to the morality of society as well as of the artists’. He argued that novelty is an art with unlimited freedom and thus equates to a soulless art. This perspective was explained in the context of Russian’s struggle with communism which Solzhenitsyn directly experienced. He focused on the deterioration of arts’ standard after the fall of Communism, specifically with literature. Due to the given freedom, arts do not fall under a set of standards, causing the artistic value to suffer. He then related that Communism promoted a new society. To be able to build a new one, the old cultures and traditions should be thrown away: To start a new world is to start from scratch. Solzhenitsyn then compared this situation to the literary artists in his country. They were writing outright criticisms of every aspect of Russian roots like language, religion, and traditional cultures—a move that was so desperate for a change to be made by who he termed as ‘desperate innovators’. The author disapproved of forgetting the roots of any artistic work, for this is important in the development of a new face of art. Solzhenitsyn does not believe in the aggressive step of aiming forward in the arts starting from nothing. Novelty becomes relentless with the absence of ancient roots. It is an unintelligible art with no significant value to the world—an art without a purpose and is useless. Solzhenitsyn cited what kinds of arts were produced because of the frantic novelty frenzy. The arts arising from novelty does not have that spiritual connection from the artist with the world. Since the ‘great cultural tradition’ has been detached, the spiritual grounds that were developed from it are missing as well. Arts were not produced for a greater purpose anymore. Thus, it does not emanate a higher sense of value for the world. It is reduced to a mere display without a profound significance. It was from the author’s observation that the absence of artistic limits has resulted in irresponsibility and apathy. Solzhenitsyn mentioned the ‘what do you care’ attitude of the Russian writers who created literary works when the censorship has been lifted after the downfall of communism. This kind of artistic mindset alienates the welfare of its audience. The line between right and wrong has become thinner, its boundaries blurry and sometimes interchanging. The arts, according to Solzhenitsyn, have been turned into more of a personal ambition of the artists rather than an intentional product of passion and love. He stressed that artists do not bring the world as the subject; they are the focal point. The arts became a movement of personal interests of the artists. Novelty becomes like a venue for affectation. Going back to Solzhenitsyn main argument, novelty became ruthless because it eradicated the classical foundation of arts. Arts cannot push for development if its foundation will be forgotten. It would be more disruptive if it will be forced to progress aggressively without any fundamentals to back it up. Alexander Solzhenitsyn sees novelty as a cause for a more individualistic nature rather than being communal in interaction. He was alarmed by how the current generation responded to old traditions. These traditions were treated as something useless and irrelevant in the present. Novelty was portrayed by the author as something anti-cultural and antagonistic of anything universally accepted. The saying ‘to each his own’ in arts or in general constitutes obscure distinction between good and evil. Another supporting factor for Solzhenitsyn’s argument is that this particular freedom attached with novelty developed into a negative relativity. This has been embraced by young artists who turn self-expression into a lack of sensitivity with regard to the effects of their work to other people. Social responsibility slowly ceased to exist anymore. Artistic freedom has always been believed to be helpful in maximizing an artist’s work. However, Alexander Solzhenitsyn presented an opposite view. The freedom vested on the artist implies a threat of producing an art with is a much lesser value. With no artistic limitations and no principles to follow, art becomes less of a recreation instead of serving a higher purpose. Solzhenitsyn emphasized the need to take the cultural tradition into account because without it, progress will be impossibly successful. He sees novelty as a trend resulting in chaos—socially and morally disruptive. It promotes an individualism that is obviously selfish and divides humanity even more. Innovations should be created for the benefit of others. Arts may be a compiled output of an individual’s unique skills and talents, but there will always be a responsibility attached to it because people get to grasp these works. An art is a huge factor in contributing to the formation of an ideology in a society. It is a powerful tool to propagate a message that can reach a huge number of people. Hence, Solzhenitsyn sees its development as critical because this will determine where the world will be heading to. The world will not be able to move forward without revisiting and considering the past. The cultural traditions within human society should be embedded for development. It is an important basis to learn from past mistakes and to improve on the present. It can be seen that Solzhenitsyn somehow views relentless novelty as the anarchism of art that will later on transcend into society. He mentioned the absence of laws in the process of arts and the lack of absolute truth. Aleksandr Solzhenitsyn provided the view of novelty enclosed in a reckless handful of freedom and a lack of traditional grounds. He presented it as something negative because he had witnessed what it did to his people especially to the younger generations. As an artist himself, the author poses a huge concern on what kind of directions the arts would take since he knows the powerful influence of it to the society. He hopes to spread his view to make the younger generations be exposed of what history has brought the Russian country and what were its implications. Solzhenitsyn firmly believes that through history, it may shape the new artists to work for a greater purpose for humanity.

Road Not Taken :: Free Essays

Critical Interpretation of â€Å"The Road Not Taken† by Robert Frost As a poem, â€Å"The Road Not Taken† is a great source of inspiration and able to be understood by all readers from an intuitive reader to a novice poem reader. A short poem with 4 sections, Robert Frost has given the main theme of the poem in its title, â€Å"The Road Not Taken.† Depending on the reader, the â€Å"road not taken† can ultimately imply any journey in life in which a decision between two paths must be made. â€Å"Two roads diverged in a yellow wood† provides the introduction and gives the main idea that a path must be chosen from two roads. Frost has further added to the drama of the decision in that both paths are desirable with â€Å"and sorry I could not travel both.† Frost implies that the path to be chosen is a personal decision in â€Å"and be one traveler.† In describing the two paths, Frost uses reverse language to describe. The first path was â€Å"bent in the undergrowth,† meaning it was well worn with no opportunity for overgrowth. The second path was â€Å"grassy and wanted wear† meaning it was overgrown and lacked wear (or a path). Frost foreshadows his decision by his use of language in describing those two paths. With both roads or paths equal, ultimately a decision must be made with no regret is the meaning Frost is providing in â€Å"And both that morning equally lay In leaves no step had trodden black.† As Frost has made his decision as to which path to pursue, he introduces another idea that after traveling the selected path perhaps he can come back to the philosophical fork in the road and chose the other path. But then he reminds himself that as one decision leads to other decisions and time moves on, he will more than likely never be able to get back to this point in his life or journey. Road Not Taken :: Free Essays Critical Interpretation of â€Å"The Road Not Taken† by Robert Frost As a poem, â€Å"The Road Not Taken† is a great source of inspiration and able to be understood by all readers from an intuitive reader to a novice poem reader. A short poem with 4 sections, Robert Frost has given the main theme of the poem in its title, â€Å"The Road Not Taken.† Depending on the reader, the â€Å"road not taken† can ultimately imply any journey in life in which a decision between two paths must be made. â€Å"Two roads diverged in a yellow wood† provides the introduction and gives the main idea that a path must be chosen from two roads. Frost has further added to the drama of the decision in that both paths are desirable with â€Å"and sorry I could not travel both.† Frost implies that the path to be chosen is a personal decision in â€Å"and be one traveler.† In describing the two paths, Frost uses reverse language to describe. The first path was â€Å"bent in the undergrowth,† meaning it was well worn with no opportunity for overgrowth. The second path was â€Å"grassy and wanted wear† meaning it was overgrown and lacked wear (or a path). Frost foreshadows his decision by his use of language in describing those two paths. With both roads or paths equal, ultimately a decision must be made with no regret is the meaning Frost is providing in â€Å"And both that morning equally lay In leaves no step had trodden black.† As Frost has made his decision as to which path to pursue, he introduces another idea that after traveling the selected path perhaps he can come back to the philosophical fork in the road and chose the other path. But then he reminds himself that as one decision leads to other decisions and time moves on, he will more than likely never be able to get back to this point in his life or journey.

The Time Machine by H.G. Wells Essay -- Papers HG Wells Essays

The Time Machine by H.G. Wells Works Cited Not Included Time traveling, a concept known to modern man as inconceivable, but in The Time Machine, by H.G. Wells, this fathom of human fantasy has come to life. Wells entangles a unique blend of contrasting characters, conflicts of capitalist verses laborer divisions, and foreshadowing of the destruction of humanity to seem together this novel of visionary proportions. "The Time Machine is a bleak and sober vision of man's place in the Universe."(McConnell Pg.1581) Well's use of characters in The Time Machine brings a heavy sense of contrast and diversity into the story. There are five main characters around which the story revolves. Beginning with the Eloi and the Morlocks, which are the two branches of humanity in the year 802,701. The Eloi, who are our capitalist force, and whom resemble modern humans the most, live above ground and feed on the vast vegetation that has engulfed the Earth. The Eloi are lazy and mind spans to that of a five-year-old. The Eloi never fully mature for the cannibalistic Morlocks harvest them at a certain age as food. The Eloi are described as fair of skin and hair and are considered childlike and frail. "Fragile little creatures perhaps four feet tall, they pass their time in playing gently, in bathing in the river, in making love in a half-playful fashion, in eating fruit and sleeping. Human vigor and energy have passed into languor and decay."(McConnell Pg.3865) The Eloi live in splendid castles, but these bea utiful porcelain castles are crumbling because of a lack of maintenance due to inferiority and lack of concern from the Eloi. "But a second look reveals that is only a ruined splendor. All human artifacts are slowly crumbling. Some of th... ... try to make a difference on the people of that time. He leaves and tells Mr. Hillyer to prepare for his return, but he never makes it back. "Wells leaves unanswered the question whether the Time Traveler succeeded, for the man never returns. Thus our future, insofar as the reader is concerned, remains in jeopardy, since we cannot know what effects the Time Travelers warning might have had on future humans."(Magill Pg.867) H.G. Wells' use of contrasting characters, capitalist verse laborer conflicts, and the foreshadowing of humanities destruction have made this book not only one not to be overlooked, but one not ever to be forgotten as well. The possibilities of the future are endless, but The Time Machine clearly goes to show that the fate of the future will be what we as a society make of it, and the possibilities and impossibilities are merely consequence.

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P1- There are many legal requirements to an inclusive practice in a pre-school these are:  ·Inclusion-special Educational needs code of practice and SEN DFES 2002  ·Special Educational Needs and Disability Act 2001  ·The National Care Standards 2001  ·Convention for the Rights of children 1999  ·Human Rights Act 1998  ·Disability Discrimination Act 1995, 2005 section 1 (1)  ·The Beginning of statementing –the Education Act 1981  ·supporting children under5 years, extending parents and publishing codes of practice- education Act 1996  ·children’s Act 1989  ·The criminal Law 1967 (2000)  ·Race Relations Act 1976 Sex discrimination Act 2000  ·The Equality Act 2006  ·Standard 9 of the National Standards  ·The disability Discrimination Act 1995  ·The UN Convention on the rights of the child- to be protected from all forms of discrimination  ·NCPCC  ·Education Act 1996 To protect the children and their families within the setting from discrim ination and their human rights, practitioners will need to organise and plan the setting and activities, for an inclusive practice. Practitioners have a responsibility to help children and their families to resect and value each other within the setting. P2- The importance for a setting to have an inclusive practice is every child and their family is legal entitlement to have access to an inclusive education, what every their gender, age, accomplishment, ethnicity, special educational needs, or ability in spoken English. All Early years settings are required to develop and promote an inclusive policy and encourage children, parents the community and practitioners in sharing values of every individual in the setting and to adapt the setting to include everyone, so they discover and play and be supported by a key worker. P3 – the policies required to provide a healthy pre-school setting are:  · Risk assessment  ·Food and drink  ·Infection control  ·Fire safety  ·Accidents and emergencies  ·Evacuation of medicine  ·Hygiene and health safety  ·First aid  ·EYFS  ·Safeguarding children  ·Behavior management and bullying  ·Sickness  ·Safety of adult  ·Complaints procedures  ·Equipment and resources  ·Intruder  ·Lost child  ·Special Educational needs/ disability  ·Staffing and employment  ·Student placement  ·Parental involvement  ·Curriculum planning  · Emergency closure  ·Confidentiality  ·Nappy and soiled clothes changing No smoking  ·Valuing diversity  ·Record keeping  ·Child protection  ·Accident book  ·Hygiene  ·Windows, doors, floors and security  ·Outdoor area  ·Insurance  ·Safety on outings  · Pets in the sessions  ·Signing in and out the setting  ·Children’s and staff allergies P4- practitioners should have He alth and Safety training and regularly update their knowladge and the understanding. The pre-school should display the necessary health and safety posters prominently in the main room and control of substances hazardous to health (COSHH) certificate were needed to make aware to all. There are Five steps to sensible risk assessment:  · Identification of risk or hazards Before pre-school starts a daily risk assessment should be done, checking each room all the equipment that is out of the session making sure there is no hazards. The outside area practitioners need to vigilante to make sure that no animals have got in to the garden and the plants are safe. Using the risk assessment check sheet when you have passed a hazard.  ·Decide who is at risk- Basically anyone that is in the setting, if you share the setting with someone else their need to be informed about the risk. Evaluate the risks decide on precautions: Make a plain of action and implement further action and implement further safety measures. Grade the risk High risk, medium risk, and low risk.  ·Recording the risk- if the setting has more than five members of staff you need to record the risk. Although if the setting has less than five it still makes good practice to record the findings.  ·Monito ring and review- how do you know if what has been decided is working, or is through enough? If it is not working, it will need to be amended. P5- Providing an environment to promote emotional security for babies is important as they need to feel secure, safe and happy so there will be able to grow and develop and can reach their full development potential. A key worker is allocated to each child that starts at the setting, the key people’s role is to ensure that the child and their parent are settled and understand the key person’s role. This is a good way for each child and parent to see a familiar face and the parent can be reassured that their child is going to get temporary security from the key worker when the parent eaves the child at the setting. A variety of experiences should be on offer to help the babies’ emotional security:  ·Mirrors  ·Baby gym  ·Eye contact  ·Smiles  ·Rattles and mobiles  ·Talking  ·Gentle handling  ·Holding the baby whilst feeding  ·Bright color books  ·Encourage laughing Staff needed to be attentive of the signs when a baby’s low self-esteem, k eep praising the child, creating a happy relaxing atmosphere with lots of physical reassurances. P6-

Spiritual Wellness Essay Example

Spiritual Wellness Essay Example Spiritual Wellness Essay Spiritual Wellness Essay What is spiritual wellness The key to my spiritual wellness consists of the following five characteristics. Family, which is an important aspect of my life. My family will always support me whether I am right or wrong. They appreciate my hard work to better myself and to better us as a family. Throughout my college journey, my family has made unlimited sacrifices to see me complete college successfully. My husband has paid a majority of our household bills as well as taken over the day to day responsibilities of our children. Without his support, I believe that the goals I have set would truly be harder to achieve. My children have been my motivation. I always want to be there for my children to express my parental love and to teach them the right ways of living. I did not want them to grow without the presence of their parents as was my case. I came from a broken home in which my father was absent until I was an adult. My mother married a man named Ron who raised me as his own since I was a small child. He was a very strict man, as I could not allow me to interact with boys. My stepfather ensured that I was forever busy as he kept me engaged in sports and extracurricular activities. With everything that he and my mother instilled in me, it laid a foundation for my future success. Spiritual health Friendship is another motivating factor that gives me enthusiasm and encouragement when I face life challenges. I respect and value my friends because they are my partners in arms in times of happiness and hardships and make my life meaningful. They give me momentum to continue the life journey whenever I feel like giving up. Since I was a young child, friendship has been a great pillar that revolves through my world. My friends have walked with me through thick and thin helping me overcome and cope with life situations. I realized that by interacting with people who have the same belief as mine I was able to succeed in many things. Such friends have my back whenever I need them and always share ideas with me. They have helped me to develop a virtue of loyalty and that is how I have been able to maintain the friendship. I can mirror myself through the help of my friends and so get challenged by the steps and choices that they make. Friendship is the most important key towards realizing my potential and making the right decisions. I learned to respect the different ideas they have and has helped me to view life from a different perspective. I have good judgment since friendship is a choice and not an optional reality. With my friends support, love, and affection I can view and establish the life structure that I would want to be in the future. Defining myself as an individual and joining a group to associate with others is the greatest step I have taken towards success. Leadership is an essential part of my life values that I treasure. Since I have a family, I want to show my children that they can look up to me for anything that they might need. I want to motivate and energize children to grow in a God fearing way. It is my responsibility to love my family and help them identify their potential by guiding and advising them to help them accomplish the best in life. Spiritual wellness examples I want my children to look up to me like my stepfather Ron did. Though he was strict, he laid a good foundation for me helping me to become a strong woman today. Being a parent has its ups and down, but I know taking responsibility of being a mother and a leader is one of the most valuable things I would have for my family and me. Security is a value that aspires to have in my life and that of my children. The values that we all have evolve, and we find ourselves maturing through some known stages of life. For us to feel that we have fulfilled both our souls and body, we need to be financially secure so that we can meet all the basic, secondary and tertiary needs. The security aspect would help me and my family to live comfortably. I have a family to take care of and for that reason security would be the most important aspect to consider. The security that I need covers a vast area including security of finance, security of my children and family is a great value since without it I cannot feel like a responsible parent and all the values I have tried to instill in my life would be lost. Security will enable me to realize my dreams, live in any location that suits and make me happy and give my family the best they would need. Striking a balance in my activities is another crucial aspect that determines my success. If I put effort into being the best parent, partner, friend and leader without striking a balance in each, I would not be able to deliver my full potential. Balancing every aspect of my life have been my dreams, and that include spending some time in my career and equally spending time with my family. Acknowledging priorities have been my greatest gifts and thats why I value family since they are my most treasurable gain, which makes me have the energy to grow intellectually and spiritually. What is a component of spiritual wellness Power is a value that I have for long considered insignificant, but it has been more prominent in my actions and decisions more than I ever imagined. I had considered this value to be irrelevant in my life, but most of the things that I do like in organizations and places of the meeting is making people recognize me and my expertise. I have noticed that I control and make people do things when I am in power and authority. The less value that I ignored seemed to take a whole toll on me since it is imminent that it is inside me; the ability to control and mobilize a crowd. I spent my life running from the value that defined the authority to me to rule and assign tasks. I focused on what mattered to me leaving what can make people realize that I am better when ruling and leaving a legacy. The aspects and art made in the revelation have made an official purpose to my life, and that is to find both career and life success. The main issue though is to find the missing pieces in my life and try to evaluate the stages of life that I must go through to have the spiritual fulfillment. I would try not to live in perfection but in acquiring knowledge and purpose of life. I would find out the value that makes me thrive in doing good and deciding to do good and not to harm others. All the aspects that I value will lead me to a spiritual fulfillment which will secure me from any disillusionment and unhappiness. I learned that the purpose of all the values is to take us through all the stages of life and it is up to us to make the right decisions on how much material recognition we will have and how much spiritual growth will be made. Our choice in occupation, life partners and friends should lead us to best rewards that would enable us to value our goals and purpose in life. The scenes that relate to me most is sharing of knowledge and values to my friends helping me to optimize on both the spiritual and material growth. I think making people aware of the plans that would improve their growth is the most recent scenes that have stricken me as important. Linking myself with individuals who recognize and respects my decisions will advance my progressions in the direction that we decide to choose.

Vlad Dracul and utilitarianism essays

Vlad Dracul and utilitarianism essays Vlad Dracul killed all of the poor and crippled people in the kingdom of Wallachia. By doing so, he eliminated the problems of poverty and welfare. This essay will discuss whether his action would be viewed as right or wrong by an act-utilitarian and by a rule utilitarian. Vlad Dracul was the prince of Wallachia, which is now a province of Romania. He earned the nickname, Vlad the Impaler for the sadistic punishment he inflicted on his enemies. An example of this is his treatment of the poor and crippled. He believed that these people were beggars and were diminishing the wealth and quality of life of the hard working people. To remedy the situation, he decided to invite all the old, poor, ill, and lame people to a great banquet with food and drink. At the conclusion of the banquet, he boarded up the building and set it ablaze, killing all of the people inside. This quickly put an end to poverty in the land. I am assuming that he really did make the people of Wallachia happier. This was not the only option that Dracul had to eliminate or reduce poverty in the land. To completely evaluate whether an act or rule utilitarian would view his action as right or wrong, I would have evaluate the amount of happiness that each option would generate, and compare that with the amount of happiness that his action produced. I will simplify this process by assuming that if his action generates a lot of happiness then it is probably right (i.e. would generate more happiness than other options), otherwise it is wrong. An act-utilitarian would calculate the total amount of happiness resulting from this particular action (killing the poor and crippled people). They have to identify all of the people who are affected by the action and then combine the amount of happiness generated for each person, to get the total happiness. The poor and crippled people who were killed, probably did not want to die, otherwise they could have killed ...