Použití opčních strategií pro obchodování amerických indexů

The thesis looks at option contracts and their use for real-life trading on American indexes. The thesis aims to use testing of historical data to find out if a suitable combination of options can facilitate a decrease in volatility while maintaining incomes. The first part of the thesis deals with history and classification of option contracts, and explains the meaning of Greek variables. The second part explains the basic dynamics of option strategies during a course of time. In the practical part of the thesis, rules for choosing an optimum market are discussed and two different strategies are tested on historical data. Firstly, the Strangl strategy is tested on S&P 500 index using ETF with SPY ticker. The test on historical data has shown that in the given period a higher performance could have been reached, while reaching a lower amount of fixed capital compared to standard holding. The second strategy applies an unusual construction of ETF with VXX ticker using vertical spreads. The test on historical data has shown that options can be successfully used as a flexible and safe tool to trade a highly volatile instrument, such as VXX.