Resumen

OLIVARES AGUAYO, Héctor Alonso  y  MEDINA CONDE, Analaura. Best hedging strategies in MexDer stocks during the first year of COVID-19. Anál. econ. [online]. 2021, vol.36, n.92, pp.127-144.  Epub 04-Oct-2021. ISSN 2448-6655.  https://doi.org/10.24275/uam/azc/dcsh/ae/2021v36n92/olivares.

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, TLEVISA-CPO 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.

Palabras llave : Cox-Ross-Rubinstein; investment; financial options; G13; G17; G32.