| Abstract [eng] |
In the master's thesis, selection of investments, optimization of the formed portfolio is carried out, as well as the insurance possibilities of this portfolio are investigated using options contracts. The aim of the work is to investigate the effectiveness of investment portfolio insurance strategies with derivative financial instruments. The theoretical part defines the concept of an investment portfolio, describes the interdependence of returns and risks, an overview of the multi-criteria EDAS model for the selection of financial instruments, the main theoretical aspects of H. Markowitz's model, methods of investment portfolio insurance, options for applying options to investment portfolio insurance. The practical part of the research consists of several stages, first of all, stock selection is carried out using the multi-criteria EDAS method. The investment portfolio is created using the Excel program and is maximized to achieve the highest possible return. According to the created optimal investment portfolio, the purchase of shares is carried out on 07/14/2022, and at the same time, options insurance strategies are made, the expiration of which is 08/12/2022. When options expire, the results are analyzed, and the best options for insurance of the investment portfolio are sought, taking into account the results obtained. After examining the theoretical and practical aspects of the investment portfolio insurance with options, the conclusions of the thesis are presented. |
