تسعير الخيارات المالية وفقا لنموذج بلاك وشولز – دراسة حالة خيارات القطاع البنكي القطري–

Abstract

The concept of financial engineering in general and the subject of the options are particularly great interest by the researchers, Where the options are the best financial instruments in the term of the adopting several different strategies that aim to avoid the portfolio from financial risks. Therefore it has been used many models to evaluate them and to determine the value of the reward which be obtained by counterparty , and the Black -Scholes model is still the most commonly used. this paper has been prepared to discover the options contracts and their role in causing the financial crisis , as well as to recognize the Black and Scholes options model that is used in financial options pricing and through the show the most important Hypotheses on which it adopts and how to use it to determine the rewarded value of the options , then we have applied in the pricing of Qatarian banking sector options. We Conclude that the purchasing contract must be equal to the rewarded value for each bank, if the contract’s price in the market is higher than that it means that it’s an overpricing but if it is lower than that, it’ll be a low price.