Best hedging strategies in MexDer stocks during the first year of COVID-19.

Derivatives are financial instruments that provide competitive advantages and financial options provide a margin of protection such as financial insurance The objective of the paper is to determine the best risk hedging strategy with American financial options on the shares: AMX-L, CEMEX-CPO, GMEXICO-B, TLEVISACPO and WALMEX-V that are listed on the MexDer, fifty strategies are analyzed during the first year of the COVID-19 pandemic The main limitation is constant volatility using the Cox-Ross-Rubinstein model, future research it is recommended to break this assumption by considering more robust models The results show that regardless of whether the share price rises, falls, or remains at the expiration date of the contract, it is possible to obtain profits during the pandemic (English) [ABSTRACT FROM AUTHOR] Los derivados son instrumentos financieros que proporcionan ventajas competitivas y las opciones financieras proporcionan un margen de proteccion como seguro financiero El objetivo del trabajo es determinar la mejor estrategia de cobertura de riesgos con opciones financieras americanas sobre las acciones: AMX-L, CEMEXCPO, GMEXICO-B, TLEVISA-CPO y WALMEX-V que cotizan en el MexDer, se analizan cincuenta estrategias durante el primer ano de la pandemia COVID-19 Como principal limitacion se asume volatilidad constante mediante el modelo de Cox-Ross-Rubinstein, por lo que para futuras investigaciones se recomienda romper este supuesto considerando modelos mas robustos Los resultados muestran que independientemente si sube, baja o se mantiene el precio de la accion a la fecha de vencimiento del contrato es posible obtener ganancias durante la pandemia (Spanish) [ABSTRACT FROM AUTHOR] Copyright of Analisis Economico is the property of Universidad Autonoma Metropolitana, Unidad Azcapotzalco and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission However, users may print, download, or email articles for individual use This abstract may be abridged No warranty is given about the accuracy of the copy Users should refer to the original published version of the material for the full abstract (Copyright applies to all Abstracts )