Question

"Options and futures are zero-sum games." What do you think is meant by this? 

   "Options and futures are zero-sum games." What do you think is meant by this?
Options, Futures, and Other Derivatives
Options, Futures, and Other Derivatives
John C. Hull 10th Edition
Chapter 1, Problem 21 ↓

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In the context of options and futures, this statement suggests that for every dollar gained by one party, there is an equal dollar lost by another party. Options and futures are derivative financial instruments that derive their value from an underlying asset,  Show more…

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