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Subject: call option on a time spread Контекст: High-deliverability storage (basically salt caverns) provides trading benefits that increase with a number of turns or cycles per year. This is often refered to as extrinsic value of the storage in addition to the intrinsic value. The extrinsic value is similar to a call option on a time spread. This gives storage holders thу opportunity, although not th eobligation, to inject at one time and withdraw at another time. Similar to any option th evalue is proportional to forward prices, price volatility, strike price and time to expiration. Честно сказать, весь этот абзац вообще не понятен, вот если бы Вы помогли мне здесь разобраться, я была бы просто счастлива. Помогите, кто понимает, о чем здесь речь. БАЛЬШОЕ спасибо заранее.
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