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KembaraXtra – Islamic Derivatives: Call & Put Options Using Palm Oil (Malaysia Example)


🔹 Call Option (Palm Oil Example 🌴)
 
👉 A call option gives the right to buy palm oil at a fixed price.
 
🔸 Scenario
  • You pay a premium of RM50
  • You get the right to buy 1 ton of palm oil at RM4,000 (strike price) in 1 month
 
👉 If market price rises to RM4,500:
  • You buy at RM4,000
  • Market value = RM4,500
  • Profit = RM500 − RM50 = RM450
 
👉 If market price falls to RM3,800:
  • You do not use the option
  • Loss = RM50 (premium)


🔹 Put Option (Palm Oil Example 🌴)
 
👉 A put option gives the right to sell palm oil at a fixed price.
 
🔸 Scenario
  • You pay a premium of RM50
  • You get the right to sell 1 ton of palm oil at RM4,000 (strike price) in 1 month
 
👉 If market price falls to RM3,500:
  • You buy at RM3,500
  • Sell at RM4,000
  • Profit = RM500 − RM50 = RM450
 
👉 If market price rises to RM4,300:
  • You do not use the option
  • Loss = RM50 (premium)


🔹 Why This Example Is Important
  • Palm oil is a real commodity widely traded in Malaysia
  • These examples show how options are used for:
    • Hedging risk (protecting prices)
    • Speculation (seeking profit)


🔹 Simple Summary
  • Call option (palm oil) → profit when price goes up 📈
  • Put option (palm oil) → profit when price goes down 📉
  • Premium = small cost for flexibility
 

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