Planilha de Opções Bastter.com 10.5B

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Quaisquer tomadas de decisão baseadas nos dados e informações obtidas por esta Planilha é de

Quaisquer tomadas de decisão baseadas nos dados e informações obtidas por esta Planilha é de ExclusiExclusi Equipe Bastter

Equipe Bastter ee Autor Autor responsáveis por eventuais lucros ou prejuízos responsáveis por eventuais lucros ou prejuízos em operações financeiras ou assemelem operações financeiras ou assemel

PARCEIRO LINK DDE PARCEIRO LINK DDE Botão Navega Pastas

Botão Navega Pastas

BEM-VINDO BEM-VINDO AT ATENÇ ENÇ OO LEGENDA LEGENDA A Planilha de O

A Planilha de Opções Bastter.com tem pções Bastter.com tem suporte para o Link DDsuporte para o Link DDE daE da EnfoqueEnfoque. Para contratar os serviços da. Para contratar os serviços da EnEn PARCEIROS END OF DAY PARCEIROS END OF DAY Clientes da

Clientes da WinWin ee LinkLink tem acesso a versão EOD da Planilha de Opções. Para contratar os serviços datem acesso a versão EOD da Planilha de Opções. Para contratar os serviços da Mariana Borges (mariana.borges@wintrade.com.br) pelos telefones 11-3077-4613 ou 0800-773-3280 e na Mariana Borges (mariana.borges@wintrade.com.br) pelos telefones 11-3077-4613 ou 0800-773-3280 e na LiLi pelos telefones 0800-771-5465 ou

pelos telefones 0800-771-5465 ou 11-3077-5465.11-3077-5465. Obrigado por utilizar à

Obrigado por utilizar à Planilha de Opções Bastter.com - Versão 10.5Planilha de Opções Bastter.com - Versão 10.5. Esta Planilha foi desenvolvida par . Esta Planilha foi desenvolvida par renda variável com derivativos financeiros.

renda variável com derivativos financeiros.

Botão Navega Séries Botão Navega Séries

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a Responsabilidade do Usuário

a Responsabilidade do Usuário, não sendo, não sendo Bastter.comBastter.com,, ParceirosParceiros ,, adas baseadas em dados ou informações aqui expressos ou obtidos. adas baseadas em dados ou informações aqui expressos ou obtidos.

Célula Destaque Célula Destaque

FERRAMENTAS FERRAMENTAS

oque

oque peça o peça o Plano Bastter.com no site Plano Bastter.com no site wwwwww.enfoque.com.br .enfoque.com.br

in

in fale com o Ivan Marasco (ivan.marasco@wintrade.com.br) ou com afale com o Ivan Marasco (ivan.marasco@wintrade.com.br) ou com a kk entre em contato através do e-mail atendimento@linktrade.com.br ouentre em contato através do e-mail atendimento@linktrade.com.br ou a

a Educação FinanceiraEducação Financeira ee GerenciGerenciamento de amento de RiscoRisco em operações deem operações de

Célula Inserir Dados Célula Inserir Dados

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PETR4 VA

PETR4 VALE5 LE5 TOTTOTALAL 3.00% 3.00% 0 0 0 0 00 0 0..0000% % 00..0000% % 00..0000% % 00..0000%% 0 0 00..0000% % 00..0000% % 00..0000%% 0 0..000 0 00..000 0 00..0000 U ULLT T PPCCT T PPTTO O FFEEC C BBEETTA A BBEETTA A VVAARR 23.71 23.71 0.00%0.00% -0.01-0.01 2233..772 2 00..000 0 00..000 0 00 44.04 44.04 0.00%0.00% -0.02-0.02 4444..006 6 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00 0.00 0.0.000% 0% 0.0.0000 00..000 0 00..000 0 00..000 0 00 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% CART CART TOTAL TOTAL 0 0 0 0 M MAARRCCAADDOOR R CCOODD PETR4 PETR4 TX ANUAL TX ANUAL LIMITEX LIMITEX THEX THEX SVE SVE S SVVEEXX VVAALLEE55 RISCO RISCO 0 0 0 0 IN CIO IN CIO SALDO SALDO 0.00% 0.00% TOTAL TOTAL IN CIO IN CIO C CAAIIXXA A RREENNTTAABBIILLIIDDAADDEE 390 390 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 20/02/81 20/02/81 RESULTADO RESULTADO PROVENTOS PROVENTOS MESES MESES TX BRUTA TX BRUTA TX MENSAL TX MENSAL RES RES 0.00% 0.00% CA CA VALOR VALOR 0 0 FIXA FIXA VA

VARI RI VELVEL LIMITEX LIMITEX LX ATUAL LX ATUAL DIFERENÇA DIFERENÇA OUTROS OUTROS TOTAL TOTAL 0 0 0 0 TIPO TIPO MOEDAS MOEDAS IM IM VEVEISIS 0 0 0 0 0 0 C COOD D QQTTDD PETR4 PETR4 VALE5 VALE5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% OBJ OBJ OUTRA OUTRA 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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OBJ OBJ 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 BETA CARTEIRA BETA CARTEIRA 0.000.00 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% CART PCT CART PCT 0 0 0 0 0.00 0.00 VNC MINI VNC MINI 17/0817/08 UBOVs UBOVs FIN

FINAN AN AÇ AÇ OO

0 0 MINI- NDICE MINI- NDICE 0 0 0 0 #DIV/0! #DIV/0! FINA

FINAN N OPÇ OPÇ OO 0 0 0 0 0 0 RESULTADO RESULTADO VAR

VAR AÇ AÇ ESES 00

VAR PCT OPÇ VAR PCT OPÇ SLD SLD OPÇ OPÇ ESES 0.00% 0.00% SL SLD D AÇ AÇ ESES 00 RESULTADO RESULTADO VAR

VAR OPÇ OPÇ ESES VAR PCT AÇS VAR PCT AÇS 0 0 AJUSTE AJUSTE IIBBOOVVEESSPPA A VAVAR R PPCCT T IIBBOOVV M

MIINNI I IINND D CCE E VVAAR R PPCCT T MMIINNII

RT RT RESULTADO RESULTADO 00 0 0 ENTRADA MINI ENTRADA MINI 0 0 VA

VAR R OPÇ OPÇ OO 0 0 RES RES #DIV/0! #DIV/0! 0 0 0 0 0.00% 0.00% 0.00% 0.00% #DIV/0! #DIV/0! 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% DIAS VNC MINI DIAS VNC MINI 63,800 63,800 -1.22% -1.22% -553 -553 #DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 0 0 0 00 0 0 VA

VAR R AÇ AÇ OO 0 0 0 0 0 0 0 0 62,697 62,697 QTD MINI QTD MINI #DIV/0! #DIV/0! 0.00% 0.00% 0.00% 0.00% #DIV/0! #DIV/0! 0.00% 0.00% 0.00% 0.00% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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D DAATTA A HHOORRA VA VNNC C DDIIAAS S UULLT T OOFFC C OOFFV V VVAAR R PPCCTT 2 200//002 2 1177::557 7 1818//007 7 --55883 3 2233..771 1 2233..666 6 2233..880 0 --00..001 1 00..0000%% G G VVF F QQTTD D UULLT T OOFFC C OOFFV V VVAAR R NNEEG G PPT T VVI I RRN DN DEELLTTAA 14.00 14.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 3300..5599% % ############ 16.00 16.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 3300..6600% 0% 0..000 #0 ########### 17.83 17.83 0 0 0 0 55..997 7 0..0001 1 00..000 0 00..000 0 2 2 ########### # 3300..6611% 1% 1..551 #1 ########### 20.00 20.00 0 0 0 0 33..996 6 3..4341 1 00..000 0 00..000 0 669 9 ########### # 3300..6622% 1% 1..665 #5 ########### 21.58 21.58 0 0 0 0 22..440 0 22..330 0 22..556 6 00..000 0 11,,00668 8 ########### # 1199..7766% % 22..773 3 ############ 23.58 23.58 0 0 0 0 00..888 8 00..885 5 00..999 9 00..0000 4,6344,634 ########## ## 2222.9.95% 5% 4.4.89 89 ############ 25.58 25.58 0 0 0 0 00..118 8 00..116 6 00..118 8 00..0000 1,6701,670 ########## ## 2323.5.52% 2% 6.6.00 00 ############ 27.58 27.58 0 0 0 0 00..003 3 0..0003 3 00..004 4 00..000 0 776 6 ########### # 2255..5588% 3% 3..000 #0 ########### 29.58 29.58 0 0 0 0 00..001 1 0..0001 1 00..002 2 00..000 0 8 8 ########### # 3300..2211% 1% 1..000 #0 ########### 31.58 31.58 0 0 0 0 00..001 1 0..0000 0 00..001 1 00..000 0 1 1 ########### # 3388..1122% 1% 1..000 #0 ########### 33.58 33.58 0 0 0 0 00..001 1 0..0000 0 00..001 1 00..000 0 0 0 ########### # 4455..3333% 1% 1..000 #0 ########### 35.71 35.71 0 0 0 0 00..001 1 00..000 0 00..001 1 00..000 0 0 0 ########### # 5522..3377% % ##DDIIVV//00! ! ############ 38.00 38.00 0 0 0 0 00..000 0 00..000 0 00..000 0 00..000 0 0 0 ########### # 3311..2255% % ##DDIIVV//00! ! ############ 40.00 40.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 3311..2255% % ############ V VF F OOFFCCV V G G GGH H VVOOP P MMEED D VVE E SSVVE E SSVVEETT U ULLTT NNDD 00 00 00 --11..5588 00 00 CAIR CAIR 00 00 00 00 00 00 00 00 00 A AÇ Ç O O 1199..771 1 2200..221 1 2200..771 1 2211..221 1 2121..771 1 2222..221 1 2222..771 1 2233..221 1 2244..2211 TOTAL TOTAL 00 00 00 00 00 00 00 00 00 G GRREEGGAAS S 2222..221 1 2222..771 1 2233..221 1 2233..771 1 2244..221 1 2244..771 1 2255..2211 DELTA DELTA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 DELTAT DELTAT ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMA GAMA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMAT GAMAT ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETA THETA ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETAT THETAT ########### # ########## ## ############ ############ ########### # ########### # ########### # N N OO DQ DQ 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 NNDD DQT DQT 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 00..0000 0.00 0.00 95.00%95.00% ##NNUUMM! ! ##NNUUMM! ! 2244..5588 0.00 0.00 90.00%90.00% ##NNUUMM! ! ##NNUUMM! ! 00 #NUM! #NUM! 85.00%85.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 80.00%80.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 75.00%75.00% ##NNUUMM! ! ##NNUUMM! ! 2233..7711 00 #NUM!#NUM! 70.00%70.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 65.00%65.00% ##NNUUMM! ! ##NNUUMM! ! 00 60.00%

60.00% #NU#NUM! M! #NU#NUM!M! 55.00%

55.00% #NU#NUM! M! #NU#NUM!M! V VNNC C 1122..550 0 1133..000 0 1313..550 0 1144..000 0 1144..550 0 1515..000 0 1155..550 0 1166..000 0 1166..550 0 1177..000 0 1177..5500 SLD SLD 00 00 00 00 00 00 00 00 00 00 00 2 233..443 3 2233..993 3 2244..443 3 2244..993 3 2255..443 3 2255..993 3 2266..443 3 2266..993 3 2277..443 3 2277..993 3 2288..443 3 2288..9933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 3 333..443 3 3333..993 3 3344..443 3 3344..993 3 3355..443 3 3355..993 3 3366..443 3 3366..993 3 3377..443 3 3377..993 3 3388..443 3 3388..9933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 CUSTO CUSTO ENTRE OS ALVOS ENTRE OS ALVOS AÇ AÇ OO QUANTIDADE QUANTIDADE INVESTIDO INVESTIDO COT COTAÇ AÇ OO FINANCEIRO FINANCEIRO OP OPÇ Ç ESES OPE OPERARAÇ Ç EE 0 0 23.71 23.71 0 0 ALERTA SPREAD ALERTA SPREAD ALVO ACIMA ALVO ACIMA ALVO ACIMA ALVO ACIMA ALVO ABAIXO ALVO ABAIXO ATIVADO ATIVADO CON CONDIDIÇ Ç OO SPREAD SPREAD SPREAD SPREAD MONTAGEM MONTAGEM RESULTADO RESULTADO SPREAD ALVO SPREAD ALVO ALVO ABAIXO ALVO ABAIXO SEGUNDO ALVO SEGUNDO ALVO P

PRROOBABABIBILLIIDADADE DE AALLVVO O PPRROOBBAABBIILLIIDDAADDE E FFAAIIXXAA PRIMEIRO ALVO

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D DAATTA A HHOORRA VA VNNC C DDIIAAS S UULLT T OOFFC C OOFFV V VVAAR R PPCCTT 2 200//002 2 1177::557 7 1515//008 8 --55555 5 2233..771 1 2233..666 6 2233..880 0 --00..001 1 00..0000%% H H VVF F QQTTD D UULLT T OOFFC C OOFFV V VAVAR R NNEEG G PPT T VVI I RRN DN DEELLTTAA 14.00 14.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 5533..7777% % ############ 16.00 16.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 5533..7788% 0% 0..000 #0 ########### 18.00 18.00 0 0 0 0 66..229 9 0..0000 0 00..000 0 00..000 0 0 0 ########### # 5533..7799% 1% 1..449 #9 ########### 20.00 20.00 0 0 0 0 44..222 2 0..0000 0 00..000 0 00..000 0 227 7 ########### # 3311..0099% 1% 1..772 #2 ########### 22.00 22.00 0 0 0 0 22..445 5 0..0005 5 00..000 0 00..000 0 9 9 ########### # 2266..8844% 2% 2..333 #3 ########### 24.00 24.00 0 0 0 0 11..005 5 00..999 9 11..220 0 00..0000 230230 ########## ## 2323.8.83% 3% 3.3.00 00 ############ 25.71 25.71 0 0 0 0 00..335 5 00..333 3 00..442 2 00..0000 240240 ########## ## 2222.0.01% 1% 3.3.18 18 ############ 27.71 27.71 0 0 0 0 00..111 1 0..0008 8 00..112 2 00..000 0 553 3 ########### # 2244..2244% 2% 2..775 #5 ########### 29.71 29.71 0 0 0 0 00..004 4 0..0004 4 00..005 5 00..000 0 6 6 ########### # 2266..8866% 2% 2..000 #0 ########### 31.83 31.83 0 0 0 0 00..002 2 0..0001 1 00..003 3 00..000 0 2 2 ########### # 3300..5533% 1% 1..000 #0 ########### 34.00 34.00 0 0 0 0 00..002 2 0..0001 1 00..002 2 00..000 0 0 0 ########### # 3366..6611% 2% 2..000 #0 ########### 36.00 36.00 0 0 0 0 00..001 1 0..0000 0 00..002 2 00..000 0 0 0 ########### # 3388..3311% 1% 1..000 #0 ########### 38.00 38.00 0 0 0 0 00..001 1 00..000 0 00..002 2 00..000 0 0 0 ########### # 4422..7799% % ##DDIIVV//00! ! ############ 42.00 42.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 1155..6633% % ############ V VF F OOFFCCV V H H HHG G VVOOP P MMEED D VVE E SSVVE E SSVVEETTTT U ULLTT NNDD 00 00 00 --11..2277 00 00 CAIR CAIR 00 00 00 00 00 00 00 00 00 A AÇ Ç O O 1199..771 1 2200..221 1 2200..771 1 2211..221 1 2121..771 1 2222..221 1 2222..771 1 2233..221 1 2244..2211 TOTAL TOTAL 00 00 00 00 00 00 00 00 00 G GRREEGGAAS S 2222..221 1 2222..771 1 2233..221 1 2233..771 1 2244..221 1 2244..771 1 2255..2211 DELTA DELTA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 DELTAT DELTAT ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMA GAMA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMAT GAMAT ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETA THETA ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETAT THETAT ########### # ########## ## ############ ############ ########### # ########### # ########### # N N OO DQ DQ 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 NNDD DQT DQT 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 00..0000 0.00 0.00 95.00%95.00% ##NNUUMM! ! ##NNUUMM! ! 2244..5588 0.00 0.00 90.00%90.00% ##NNUUMM! ! ##NNUUMM! ! 00 #NUM! #NUM! 85.00%85.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 80.00%80.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 75.00%75.00% ##NNUUMM! ! ##NNUUMM! ! 2233..7711 00 #NUM!#NUM! 70.00%70.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 65.00%65.00% ##NNUUMM! ! ##NNUUMM! ! 00 60.00%

60.00% #NU#NUM! M! #NU#NUM!M! 55.00%

55.00% #NU#NUM! M! #NU#NUM!M! V VNNC C 1122..550 0 1133..000 0 1313..550 0 1144..000 0 1144..550 0 1515..000 0 1155..550 0 1166..000 0 1166..550 0 1177..000 0 1177..5500 SLD SLD 00 00 00 00 00 00 00 00 00 00 00 2 222..000 0 2222..550 0 2233..000 0 2233..550 0 2244..000 0 2244..550 0 2255..000 0 2255..550 0 2266..000 0 2266..550 0 2277..000 0 2277..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 3 322..000 0 3322..550 0 3333..000 0 3333..550 0 3344..000 0 3344..550 0 3355..000 0 3355..550 0 3366..000 0 3366..550 0 3377..000 0 3377..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 A ALLVVOOAACCIIMMAA CCUUSSTTOO ALVO ABAIXO ALVO ABAIXO ALVO ACIMA ALVO ACIMA OP OPÇ Ç ESES ALVO ABAIXO ALVO ABAIXO COT COTAÇ AÇ OO INVESTIDO INVESTIDO CON CONDIDIÇ Ç OO P

PRROOBABABIBILLIIDADADE DE AALLVVO O PPRROOBBAABBIILLIIDDAADDE E FFAAIIXXAA SEGUNDO ALVO SEGUNDO ALVO PRIMEIRO ALVO PRIMEIRO ALVO FINANCEIRO FINANCEIRO MONTAGEM MONTAGEM RESULTADO RESULTADO ENTRE OS ALVOS ENTRE OS ALVOS OPE OPERARAÇ Ç EE QUANTIDADE QUANTIDADE AÇ AÇ OO SPREAD SPREAD 0 0 0 0 23.71 23.71 SPREAD SPREAD SPREAD ALVO SPREAD ALVO ATIVADO ATIVADO ALERTA SPREAD ALERTA SPREAD 11 11 11 11

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30.00% 30.00% 40.00% 40.00% 50.00% 50.00% 60.00% 60.00% 70.00% 70.00% 80.00% 80.00% 90.00% 90.00% 100.00% 100.00% 110.00% 110.00% 120.00% 120.00% 130.00% 130.00% 140.00% 140.00% 150.00% 150.00% 160.00% 160.00% 170.00% 170.00% 180.00% 180.00% 190.00% 190.00% 200.00% 200.00% 210.00% 210.00% 6 6 . . 0 0 0 0 8 8 . . 0 0 0 0 1 1 0 0 . . 0 0 0 0 1 1 2 2 . . 0 0 0 0 1 1 4 4 . . 0 0 0 0 1 1 6 6 . . 0 0 0 0 1 1 8 8 . . 0 0 0 0 2 2 0 0 . . 0 0 0 0 2 2 2 2 . . 0 0 0 0 2 2 4 4 . . 0 0 0 0 2 2 6 6 . . 0 0 0 0 2 2 8 8 . . 0 0 0 0 3 3 0 0 . . 0 0 0 0 3 3 2 2 . . 0 0 0 0 3 3 4 4 . . 0 0 0 0 3 3 6 6 . . 0 0 0 0 3 3 8 8 . . 0 0 0 0 4 4 0 0 . . 0 0 0 0 4 4 2 2 . . 0 0 0 0 4 4 4 4 . . 0 0 0 0 4 4 6 6 . . 0 0 0 0 4 4 8 8 . . 0 0 0 0 5 5 0 0 . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 11 11 1 1 2 2 . . 5 5 0 0 1 1 3 3 . . 0 0 0 0 1 1 3 3 . . 5 5 0 0 1 1 4 4 . . 0 0 0 0 1 1 4 4 . . 5 5 0 0 1 1 5 5 . . 0 0 0 0 1 1 5 5 . . 5 5 0 0 1 1 6 6 . . 0 0 0 0 1 1 6 6 . . 5 5 0 0 1 1 7 7 . . 0 0 0 0 1 1 7 7 . . 5 5 0 0 1 1 8 8 . . 0 0 0 0 1 1 8 8 . . 5 5 0 0 1 1 9 9 . . 0 0 0 0 1 1 9 9 . . 5 5 0 0 2 2 0 0 . . 0 0 0 0 2 2 0 0 . . 5 5 0 0 2 2 1 1 . . 0 0 0 0 2 2 1 1 . . 5 5 0 0 2 2 3 3 . . 4 4 3 3 2 2 3 3 . . 9 9 3 3 2 2 4 4 . . 4 4 3 3 2 2 4 4 . . 9 9 3 3 2 2 5 5 . . 4 4 3 3 2 2 5 5 . . 9 9 3 3 2 2 6 6 . . 4 4 3 3 2 2 6 6 . . 9 9 3 3 2 2 7 7 . . 4 4 3 3 2 2 7 7 . . 9 9 3 3 2 2 8 8 . . 4 4 3 3 2 2 8 8 . . 9 9 3 3 2 2 9 9 . . 4 4 3 3 2 2 9 9 . . 9 9 3 3 3 3 0 0 . . 4 4 3 3 3 3 0 0 . . 9 9 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 11 11 11 11 11 11 1 1 2 2 . . 5 5 0 0 1 1 3 3 . . 0 0 0 0 1 1 3 3 . . 5 5 0 0 1 1 4 4 . . 0 0 0 0 1 1 4 4 . . 5 5 0 0 1 1 5 5 . . 0 0 0 0 1 1 5 5 . . 5 5 0 0 1 1 6 6 . . 0 0 0 0 1 1 6 6 . . 5 5 0 0 1 1 7 7 . . 0 0 0 0 1 1 7 7 . . 5 5 0 0 1 1 8 8 . . 0 0 0 0 1 1 8 8 . . 5 5 0 0 1 1 9 9 . . 0 0 0 0 1 1 9 9 . . 5 5 0 0 2 2 0 0 . . 0 0 0 0 2 2 0 0 . . 5 5 0 0 2 2 1 1 . . 0 0 0 0 2 2 1 1 . . 5 5 0 0 2 2 2 2 . . 0 0 0 0 2 2 2 2 . . 5 5 0 0 2 2 3 3 . . 0 0 0 0 2 2 3 3 . . 5 5 0 0 2 2 4 4 . . 0 0 0 0 2 2 4 4 . . 5 5 0 0 2 2 5 5 . . 0 0 0 0 2 2 5 5 . . 5 5 0 0 2 2 6 6 . . 0 0 0 0 2 2 6 6 . . 5 5 0 0 2 2 7 7 . . 0 0 0 0 2 2 7 7 . . 5 5 0 0 2 2 8 8 . . 0 0 0 0 2 2 8 8 . . 5 5 0 0 2 2 9 9 . . 0 0 0 0 2 2 9 9 . . 5 5 0 0 10.00% 10.00% 20.00% 20.00% 30.00% 30.00% 40.00% 40.00% 50.00% 50.00% 60.00% 60.00% 70.00% 70.00% 80.00% 80.00%

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V VH H TTX X RROOL L NNV V GGRRA A BBSS 2 244..4455% % 1122..2255% % 00..110 0 00..000 0 00..550 0 N N OO G GAAMMA A TTHHEETTA A VVE E BBOOSSI I VVD D NNV V TTX X SSPP 2222..221 1 2222..771 1 2233..2211 ##

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###### # ############ 0.750.75 ############ -3-3..339 9 00..0000 22.7.75% 5% 11.0.044 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.18 18 ############ 99..998 8 0.0.1188 8.21%8.21% 0.710.71 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######### ## ######### ## 00.0.03 3 ########## ## 33.4.444 0.030.03 16.03%16.03% 0.140.14 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #

########## # ########### # 00..001 1 ########### # 11..774 4 00..0011 24.34%24.34% 0.030.03 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #

########## # ########### # 00..001 1 ########### # 22..993 3 00..0011 41.09%41.09% 0.020.02 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

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######## ## ########## ## 0.0.00 00 ############ 00..000 0 00..000 0 5599..6666%% 0.010.01 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.00 00 ############ 00..000 0 00..000 0 6688..0077%% #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #VA

#VALUELUE! ! #VA#VALUELUE! ! #VA#VALUE!LUE! T THHEEX X TTHHEEXXT T MMEED D VI VVI VIIX X VVEEGGA A VVEEGGAATT 0 0..000 0 00..000 0 2222..7733% % 2200..8800% % ########### # ############ 0 0 0 0 0 0 0 0 0 0 0 0 00 SUBIRSUBIR PEPE 1100..000 0 1100..5500 2

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0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTALTOTAL VIVI 1133..771 1 1133..2211 SIM SIM . . .. 2 244..558 8 2299//1111 0 0 00 0 0 00 G G 1122..550 0 1133..0000 # #DDIIVV//00! ! ##DDIIVV//00!! 1144..000 0 0 0 00 # #DDIIVV//00! ! 00 1616..000 0 0 0 00 0 0 1177..883 3 0 0 00 0 0 2200..000 0 0 0 00 0 0..0000 00 2211..558 8 0 0 00 2 233..558 8 0 0 00 2 255..558 8 0 0 00 0 0 24.5824.58 2277..558 8 0 0 00 0 0 00 2299..558 8 0 0 00 #DIV/0! #DIV/0! 0.000.00 3311..558 8 0 0 00 #DIV/0! #DIV/0! 00 3333..558 8 0 0 00 #DIV/0! #DIV/0! 00 3355..771 1 0 0 00 #DIV/0! #DIV/0! 0.000.00 3388..000 0 0 0 00 # #DDIIVV//00! ! ##DDIIVV//00!! 4400..000 0 0 0 00 #DIV/0! #DIV/0! SSLLD D 0 0 00 #DIV/0! #DIV/0! SSTTX X 0 0 00 S SAATTX X 0 0 00 1 188..000 0 1188..550 0 1199..000 0 1199..550 0 2200..000 0 2200..550 0 2211..000 0 2211..5500 SSAAOOTTX X 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TTX X ##DDIIVV//00! ! ##DDIIVV//00!! 2 299..443 3 2299..993 3 3300..443 3 3300..993 3 3311..443 3 3311..993 3 3322..443 3 3232..9933 SSAAOOC C 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SASAOOOOP P 0 0 00 3 399..443 3 3399..993 3 4400..443 3 4400..993 3 4411..443 3 4411..993 3 4422..443 3 4242..9933 SSAAVVC C 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SASAOOVVC C 0 0 00 AÇ AÇ OO QUANTIDADE QUANTIDADE PIOR PONTO PIOR PONTO LUCR

LUCRO O AÇ AÇ OO

PRO

PROTETEÇ Ç OO PREJUIZ

PREJUIZO O OPÇ OPÇ OO LOTES LOTES TAXA IMEDIATA TAXA IMEDIATA BREAK-EVEN BREAK-EVEN TAX

TAXA A M M XIMAXIMA BREAK-EVEN BREAK-EVEN PRO PROTETEÇ Ç OO VALOR ATUAL VALOR ATUAL RESULTADO RESULTADO TAXA IMEDIATA TAXA IMEDIATA OPERA

OPERAÇ Ç ES ES COBERTCOBERTASAS S DE TAXA S DE TAXA FINANCEIRO FINANCEIRO VENDA COBERTA VENDA COBERTA RESUL PCT RESUL PCT RESULTADO RESULTADO RESUL TOTAL RESUL TOTAL VA VARIARIAÇ Ç OO VAR TOTAL VAR TOTAL DATA DATA FINANCEIRO FINANCEIRO FINAN TOTAL FINAN TOTAL FINAN PCT FINAN PCT SALDO SALDO AÇ AÇ OO QUANTIDADE QUANTIDADE OP OPÇ Ç OO TAXA IMEDIATA TAXA IMEDIATA BANCO DE VE BANCO DE VE BREAK-EVEN BREAK-EVEN

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V VH H TTX X NNV V GGRRA A BBSS 2 244..4455% % 1122..2255% % 00..000 0 00..550 0 N N OO G GAAMMA A TTHHEETTA A VVE E BBOOSSI I VVD D NNV V TTX X SSPP 2222..221 1 2222..771 1 2233..2211 ##

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######## ### ########## # -7-7.7.71 1 ############ 00..000 0 00..0000 -3-32.2.7777% % 0.0.0000 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.58 58 ############ ########## ## 0.0.0000 -2-24.4.3737% % 0.0.0000 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.51 51 ############ -4-44545.7.72 2 0.0.0000 -1-15.5.9797% % 0.0.0000 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #####

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######## ## ########## ## 0.0.35 35 ############ 1919..93 93 00..3355 9.54%9.54% 0.660.66 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.11 11 ############ 12.5312.53 0.110.11 16.82%16.82% 0.310.31 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #

########## # ########### # 00..001 1 ########### # 44..007 7 00..0011 59.66%59.66% 0.020.02 #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! ##

######## ## ########## ## 0.0.00 00 ############ 00..000 0 00..000 0 7766..4477%% #VAL#VALUE! UE! #VA#VALUE! LUE! #VA#VALUE!LUE! #VA

#VALUELUE! ! #VA#VALUELUE! ! #VA#VALUE!LUE! T THHEEX X TTHHEEXXTTT T MMEED D VVI I VVIIX X VVEEGGA A VVEEGGAATTTT 0 0..000 0 00..000 0 2233..5555% % 2200..8800% % ########### # ############ 0 0 0 0 0 0 0 0 0 0 0 0 00 SUBIRSUBIR PEPE 1100..000 0 1100..5500 2

244..771 1 2255..221 1 2255..771 1 2266..221 1 2266..771 1 2277..221 1 2277..771 A1 AÇ Ç OO COTCOT 00..000 0 00..0000

0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTALTOTAL VIVI 1133..771 1 1133..2211 SIM SIM 1133..771 1 1133..2211 2 244..556 6 2299//1111 0 0 00 0 0 00 H H 1122..550 0 1133..0000 # #DDIIVV//00! ! ##DDIIVV//00!! 1144..000 0 0 0 00 # #DDIIVV//00! ! 00 1616..000 0 0 0 00 0 0 1188..000 0 0 0 00 0 0 2200..000 0 0 0 00 0 0..0000 00 2222..000 0 0 0 00 2 244..000 0 0 0 00 2 255..771 1 0 0 00 0 0 24.5824.58 2277..771 1 0 0 00 0 0 00 2299..771 1 0 0 00 #DIV/0! #DIV/0! 0.000.00 3311..883 3 0 0 00 #DIV/0! #DIV/0! 00 3344..000 0 0 0 00 #DIV/0! #DIV/0! 00 3366..000 0 0 0 00 #DIV/0! #DIV/0! 0.000.00 3388..000 0 0 0 00 # #DDIIVV//00! ! ##DDIIVV//00!! 4422..000 0 0 0 00 #DIV/0! #DIV/0! SSLLD D 0 0 00 #DIV/0! #DIV/0! SSTTX X 0 0 00 S SAATTX X 0 0 00 1 188..000 0 1188..550 0 1199..000 0 1199..550 0 2200..000 0 2200..550 0 2211..000 0 2211..5500 SSAAOOTTX X 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TTX X ##DDIIVV//00! ! ##DDIIVV//00!! 2 288..000 0 2288..550 0 2299..000 0 2299..550 0 3300..000 0 3300..550 0 3311..000 0 3131..5500 SSAAOOC C 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SASAOOOOP P 0 0 00 3 388..000 0 3388..550 0 3399..000 0 3399..550 0 4400..000 0 4400..550 0 4411..000 0 4141..5500 SSAAVVC C 0 0 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SASAOOVVC C 0 0 00 PRO PROTETEÇ Ç OO OPERA

OPERAÇ Ç ES ES COBERTCOBERTASAS AÇ AÇ OO QUANTIDADE QUANTIDADE PIOR PONTO PIOR PONTO LUCR

LUCRO O AÇ AÇ OO PREJU

PREJU ZO ZO OPÇ OPÇ OO LOTES LOTES TAXA REAL TAXA REAL BREAK-EVEN BREAK-EVEN PRO PROTETEÇ Ç OO BREAK-EVEN BREAK-EVEN TAX

TAXA A M M XIMAXIMA TAXA IMEDIATA TAXA IMEDIATA RESUL TOTAL RESUL TOTAL B BRREEAAKK--EEVVEEN N RREESSUULLTTAADDOO SALDO SALDO BANCO DE VE BANCO DE VE VALOR ATUAL VALOR ATUAL RESUL PCT RESUL PCT OP OPÇ Ç OO TAXA IMEDIATA TAXA IMEDIATA QUANTIDADE QUANTIDADE S DE TAXA S DE TAXA RESULTADO RESULTADO VAR TOTAL VAR TOTAL FINAN PCT FINAN PCT FINANCEIRO FINANCEIRO DATA DATA VA VARIARIAÇ Ç OO FINANCEIRO FINANCEIRO FINAN TOTAL FINAN TOTAL VENDA COBERTA VENDA COBERTA AÇ AÇ OO

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0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 3 1 1 . . 4 4 3 3 3 3 1 1 . . 9 9 3 3 3 3 2 2 . . 4 4 3 3 3 3 2 2 . . 9 9 3 3 3 3 3 3 . . 4 4 3 3 3 3 3 3 . . 9 9 3 3 3 3 4 4 . . 4 4 3 3 3 3 4 4 . . 9 9 3 3 3 3 5 5 . . 4 4 3 3 3 3 5 5 . . 9 9 3 3 3 3 6 6 . . 4 4 3 3 3 3 6 6 . . 9 9 3 3 3 3 7 7 . . 4 4 3 3 3 3 7 7 . . 9 9 3 3 3 3 8 8 . . 4 4 3 3 3 3 8 8 . . 9 9 3 3 3 3 9 9 . . 4 4 3 3 3 3 9 9 . . 9 9 3 3 4 4 0 0 . . 4 4 3 3 4 4 0 0 . . 9 9 3 3 4 4 1 1 . . 4 4 3 3 4 4 1 1 . . 9 9 3 3 4 4 2 2 . . 4 4 3 3 4 4 2 2 . . 9 9 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 3 0 0 . . 0 0 0 0 3 3 0 0 . . 5 5 0 0 3 3 1 1 . . 0 0 0 0 3 3 1 1 . . 5 5 0 0 3 3 2 2 . . 0 0 0 0 3 3 2 2 . . 5 5 0 0 3 3 3 3 . . 0 0 0 0 3 3 3 3 . . 5 5 0 0 3 3 4 4 . . 0 0 0 0 3 3 4 4 . . 5 5 0 0 3 3 5 5 . . 0 0 0 0 3 3 5 5 . . 5 5 0 0 3 3 6 6 . . 0 0 0 0 3 3 6 6 . . 5 5 0 0 3 3 7 7 . . 0 0 0 0 3 3 7 7 . . 5 5 0 0 3 3 8 8 . . 0 0 0 0 3 3 8 8 . . 5 5 0 0 3 3 9 9 . . 0 0 0 0 3 3 9 9 . . 5 5 0 0 4 4 0 0 . . 0 0 0 0 4 4 0 0 . . 5 5 0 0 4 4 1 1 . . 0 0 0 0 4 4 1 1 . . 5 5 0 0 . . 1 1 0 0 . . 0 0 0 0 1 1 2 2 . . 0 0 0 0 1 1 4 4 . . 0 0 0 0 1 1 6 6 . . 0 0 0 0 1 1 8 8 . . 0 0 0 0 2 2 0 0 . . 0 0 0 0 2 2 2 2 . . 0 0 0 0 2 2 4 4 . . 0 0 0 0 2 2 6 6 . . 0 0 0 0 2 2 8 8 . . 0 0 0 0 3 3 0 0 . . 0 0 0 0 3 3 2 2 . . 0 0 0 0 3 3 4 4 . . 0 0 0 0 3 3 6 6 . . 0 0 0 0 3 3 8 8 . . 0 0 0 0 4 4 0 0 . . 0 0 0 0 4 4 2 2 . . 0 0 0 0 4 4 4 4 . . 0 0 0 0 4 4 6 6 . . 0 0 0 0 4 4 8 8 . . 0 0 0 0 5 5 0 0 . . 0 0 0 0 5 5 2 2 . . 0 0 0 0

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2

233..771 1 2244..221 1 2244..771 1 2255..221 1 2222..221 1 2222..771 1 2233..221 1 2233..771 1 2244..221 1 2244..771 1 2255..2211 #VALUE!

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#VAALULUE! #VE! #VAALULUE! #VE! #VAALULUE! #E! ########## # ########## ### ########## ### ######## ### ########## ### ######## ### ########## ### ##########

1 111..000 0 1111..550 0 1122..000 0 1122..550 0 1133..000 0 1133..5500 14.0014.00 1144..550 0 1155..000 0 1515..550 0 1166..000 0 1166..5500 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 0.0.0000 0.000.00 00..000 0 0.0.000 0 00..0000 0.000.00 1.491.49 1 122..771 1 1122..221 1 1111..771 1 1111..221 1 1100..771 1 1100..221 1 99..771 1 99..221 1 88..771 1 88..221 1 77..771 1 77..2211 . . .. .. .. .. .. .. .. .. .. .. .. 1 133..550 0 1144..000 0 1144..550 0 1155..000 0 1155..550 0 1166..000 0 1166..550 0 1177..000 0 1177..550 0 1188..000 0 1188..550 0 1199..0000 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 #DI

#DIV/0V/0! ! #DI#DIV/0! V/0! #D#DIV/IV/0! 0! #DI#DIV/0V/0! #DIV/0! #D! #DIV/0! #DIV/IV/0! #DI0! #DIV/0V/0! #DIV! #DIV/0! #D/0! #DIV/IV/0! #DI0! #DIV/0V/0! #DIV! #DIV/0! #D/0! #DIV/IV/0!0! 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00

BLACK & SCHOLES BLACK & SCHOLES

BLACK & SCHOLES BLACK & SCHOLES GAMA

GAMA DELTA

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2

233..771 1 2244..221 1 2244..771 1 2255..221 1 2222..221 1 2222..771 1 2233..221 1 2233..771 1 2244..221 1 2244..771 1 2255..2211 #VALUE!

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11.00 11.00 1111..550 0 1122..0000 12.5012.50 1313..00 00 1313.5.500 14.0014.00 1414.5.50 0 1515..0000 15.5015.50 1616..00 00 1616.5.500 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 0.0.0000 0.000.00 00..000 0 0.0.000 0 00..0000 0.000.00 1.571.57 1 122..771 1 1122..221 1 1111..771 1 1111..221 1 1100..771 1 1100..221 1 99..771 1 99..221 1 88..771 1 88..221 1 77..771 1 77..2211 1 122..771 1 1122..221 1 1111..771 1 1111..221 1 1100..771 1 1100..221 1 99..771 1 99..221 1 88..771 1 88..221 1 77..771 1 77..2211 1 133..550 0 1144..000 0 1144..550 0 1155..000 0 1155..550 0 1166..000 0 1166..550 0 1177..000 0 1177..550 0 1188..000 0 1188..550 0 1199..0000 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 #DI

#DIV/0V/0! ! #DI#DIV/0! V/0! #D#DIV/IV/0! 0! #DI#DIV/0V/0! #DIV/0! #D! #DIV/0! #DIV/IV/0! #DI0! #DIV/0V/0! #DIV! #DIV/0! #D/0! #DIV/IV/0! #DI0! #DIV/0V/0! #DIV! #DIV/0! #D/0! #DIV/IV/0!0! 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 0 0 00 00 00 00 00 00 00 00 00 00 00 D DEELLTTAA GGAAMMAA

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(14)

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#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV/0! #DIV/0! #DIV#DIV/0!/0! #DIV/0!#DIV/0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0!/0!

0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 00 00 00 0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 00 00 00 0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 00 00 00 0 0 0 0 0 0 0 0 0 0 00 00 00 00 00 00 00 00 THETA THETA

(15)

V VEEGGA A PPTT 2 222..221 1 2222..771 1 2233..221 1 2233..771 1 2244..221 1 2244..771 1 2255..221 1 2233..771 1 2233..7711 #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ #### ###### ## ########### # ############ ############ ########### # ########## ## ############ ########### # ############ ## ######## ## ########### ## ######### ## ########### ## ########## ## ########## ## ########## # ############ 17.00 17.00 1717.5.50 0 1818.0.000 18.5018.50 1919.0.00 0 1919.5.500 20.0020.00 2020.5.50 0 2121.0.000 21.5021.50 2222..00 00 2222.5.500 23.0023.00 3 3..115 5 44..7722 6.296.29 55..777 7 55..226 6 44..7744 4.224.22 33..778 8 33..334 4 22..8899 2.452.45 22..110 0 11..7755 6 6..771 1 66..221 1 55..771 1 55..221 1 44..771 1 44..221 1 33..771 1 33..221 1 22..771 1 22..221 1 11..771 1 11..221 1 00..7711 6 6..771 1 66..221 1 66..229 9 55..777 7 55..226 6 44..774 4 44..222 2 33..778 8 33..334 4 22..889 9 22..445 5 22..110 0 11..7755 1 199..550 0 2200..000 0 2200..550 0 2211..000 0 2211..550 0 2222..000 0 2222..550 0 2233..000 0 2323..550 0 2244..000 0 2244..550 0 2255..000 0 2255..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 #DI

#DIV/0V/0! ! #DI#DIV/0V/0! ! #D#DIV/IV/0! 0! #DI#DIV/V/0! 0! #D#DIV/IV/0! 0! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0! ! #DI#DIV/0V/0!!

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 THETA THETA

(16)

(17)

DIAS DIAS -2.31 -2.31 JUROS JUROS 11.56% 11.56% 2 233..550 0 2244..000 0 2244..550 0 2255..000 0 2255..550 0 2266..000 0 2266..550 0 2277..000 0 2727..550 0 2288..000 0 2288..550 0 2299..000 0 2299..5500 1.26 1.26 0.880.88 00..771 1 00..553 3 00..3366 0.180.18 00..114 4 0.0.111 1 00..0077 0.030.03 00..003 3 00..002 2 00..0022 0 0..221 1 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 . . . . . . . .. .. .. 2 277..443 3 2277..993 3 2288..443 3 2288..993 3 2299..443 3 2299..993 3 3300..443 3 3300..993 3 3131..443 3 3311..993 3 3322..443 3 3322..993 3 3333..4433 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 #DI

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 SIMULADOR SIMULADOR VENCIMENTO VENCIMENTO

(18)

DIAS DIAS -2.20 -2.20 JUROS JUROS 11.56% 11.56% 23 23.5.50 0 2424.0.000 24.5024.50 2525.0.00 0 2525.5.500 26.0026.00 26.526.50 0 2727.0.000 27.5027.50 28.028.00 0 2828..5050 29.0029.00 29.5029.50 1.40 1.40 1.051.05 00..888 8 00..770 0 00..5533 0.350.35 00..229 9 0.0.223 3 00..1177 0.110.11 00..009 9 00..008 8 00..0066 0 0..221 1 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 1 1..440 0 11..005 5 00..888 8 00..770 0 00..553 3 00..335 5 00..229 9 00..223 3 00..117 7 00..111 1 00..009 9 00..008 8 00..0066 2 266..000 0 2266..550 0 2277..000 0 2277..550 0 2288..000 0 2288..550 0 2299..000 0 2299..550 0 3030..000 0 3300..550 0 3311..000 0 3311..550 0 3322..0000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 #DI

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 VENCIMENTO VENCIMENTO SIMULADOR SIMULADOR

(19)

(20)

3 300..000 0 3300..550 0 3311..000 0 3311..550 0 3322..000 0 3322..550 0 3333..000 0 3333..550 0 3434..000 0 3344..550 0 3355..000 0 3355..550 0 3366..0000 0.01 0.01 00..001 1 00..001 1 00..0011 0.010.01 00..001 1 00..001 1 00..0011 0.010.01 00..001 1 00..001 1 00..0011 0.010.01 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 . . . . . . . .. .. .. 3 333..993 3 3344..443 3 3344..993 3 3355..443 3 3355..993 3 3366..443 3 3366..993 3 3377..443 3 3737..993 3 3388..443 3 3388..993 3 3399..443 3 3399..9933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 #DI

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00

(21)

30.00 30.00 30.5030.50 3131.0.00 0 3131.5.500 32.0032.00 3232.5.50 0 3333.0.000 33.5033.50 3434.0.00 0 3434.5.500 35.0035.00 3535.5.50 0 3636.0.000 0.04 0.04 00..004 4 00..003 3 00..0033 0.020.02 00..002 2 00..002 2 00..0022 0.020.02 00..002 2 00..002 2 00..0011 0.010.01 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 0 0..004 4 00..004 4 00..003 3 00..003 3 00..002 2 00..002 2 00..002 2 00..002 2 00..002 2 00..002 2 00..002 2 00..001 1 00..0011 3 322..550 0 3333..000 0 3333..550 0 3344..000 0 3344..550 0 3355..000 0 3355..550 0 3366..000 0 3636..550 0 3377..000 0 3377..550 0 3388..000 0 3388..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 #DI

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 00

(22)

(23)

3 366..550 0 3377..000 0 3377..550 0 3388..000 0 3388..550 0 3399..000 0 3399..550 0 4400..000 0 4040..550 0 4411..000 0 4411..550 0 4422..000 0 4422..5500 0 0..001 1 00..001 1 00..0000 0.000.00 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 0.0.000 0 00..000 0 00..0000 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 . . . . . . . .. .. .. 4 400..443 3 4400..993 3 4411..443 3 4411..993 3 4422..443 3 4422..9933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 #DIV

#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0!/0!

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

(24)

36.50 36.50 3737.0.00 0 3737.5.500 38.0038.00 3838.5.50 0 3939.0.000 39.5039.50 4040.0.00 0 4040.5.500 41.0041.00 4141..50 50 4242.0.000 42.5042.50 0 0..001 1 00..001 1 00..0011 0.010.01 00..001 1 00..001 1 00..0000 0.000.00 00..000 0 00..001 1 0.0.001 1 00..001 1 00..0011 0 0..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..000 0 00..0000 0 0..001 1 00..001 1 00..001 1 00..001 1 00..001 1 00..001 1 00..000 0 00..000 0 00..000 0 00..001 1 00..001 1 00..001 1 00..0011 3 399..000 0 3399..550 0 4400..000 0 4400..550 0 4411..000 0 4411..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 #DIV

#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0! /0! #DIV#DIV/0!/0!

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

(25)

(26)

4 43.3.00 00 443.3.550 0 4444..0000 0 0..000 0 00..000 0 00..0000 0 0..000 0 00..000 0 00..0000 . . . . ..

(27)

43 43.0.00 0 4343.5.500 44.0044.00 0 0..001 1 00..000 0 00..0000 0 0..000 0 00..000 0 00..0000 0 0..001 1 00..000 0 00..0000

(28)

D DAATTA A HHOORRA VA VNNC C DDIIAAS S UULLT T OOFFC C OOFFV V VVAAR R PPCCTT 2 200//002 2 1177::557 7 1818//007 7 --55883 3 4444..004 4 4433..991 1 4444..447 7 --00..002 2 00..0000%% G G VVF F QQTTD D UULLT T OOFFC C OOFFV V VVAAR R NNEEG G PPT T VVI I RRN DN DEELLTTAA 34.00 34.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 3300..5599% % ############ 36.00 36.00 0 0 0 0 00..000 0 0..0000 0 00..000 0 00..000 0 0 0 ########### # 3300..6600% 0% 0..000 #0 ########### 38.00 38.00 0 0 0 0 66..442 2 0..0000 0 00..000 0 00..000 0 5 5 ########### # 3300..6611% 1% 1..005 #5 ########### 38.74 38.74 0 0 0 0 66..009 9 0..0001 1 66..332 2 00..000 0 11110 0 ########### # 3300..6622% 1% 1..558 #8 ########### 40.74 40.74 0 0 0 0 33..885 5 33..221 1 00..000 0 00..000 0 11,,11115 5 ########### # 1199..7766% % 22..223 3 ############ 43.48 43.48 0 0 0 0 11..773 3 11..770 0 22..117 7 00..0000 2,5632,563 ########## ## 2222.9.95% 5% 2.2.58 58 ############ 45.48 45.48 0 0 0 0 00..667 7 00..664 4 00..773 3 00..0000 1,8211,821 ########## ## 2323.5.52% 2% 3.3.35 35 ############ 47.48 47.48 0 0 0 0 00..220 0 0..1018 8 00..220 0 00..000 0 53537 7 ########### # 2255..5588% 2% 2..886 #6 ########### 49.48 49.48 0 0 0 0 00..007 7 0..0006 6 00..007 7 00..000 0 556 6 ########### # 3300..2211% 2% 2..333 #3 ########### 52.00 52.00 0 0 0 0 00..003 3 0..0002 2 00..003 3 00..000 0 115 5 ########### # 3388..1122% 3% 3..000 #0 ########### 53.48 53.48 0 0 0 0 00..001 1 0..0001 1 00..002 2 00..000 0 1 1 ########### # 4455..3333% 1% 1..000 #0 ########### 56.00 56.00 0 0 0 0 00..001 1 0..0000 0 00..002 2 00..000 0 2 2 ########### # 5522..3377% 1% 1..000 #0 ########### 58.00 58.00 0 0 0 0 00..001 1 0..0000 0 00..002 2 00..000 0 0 0 ########### # 3311..2255% 1% 1..000 #0 ########### 60.00 60.00 0 0 0 0 00..001 1 0..0000 0 00..001 1 00..000 0 0 0 ########### # 3311..2255% % ############ V VF F OOFFCCV V G G GGH H VVOOP P MMEED D VVE E SSVVE E SSVVEETT U ULLTT NNDD 00 00 00 --11..1188 00 00 CAIR CAIR 00 00 00 00 00 00 00 00 00 A AÇ Ç O O 4400..004 4 4400..554 4 4411..004 4 4411..554 4 4242..004 4 4422..554 4 4433..004 4 4433..554 4 4444..5544 TOTAL TOTAL 00 00 00 00 00 00 00 00 00 G GRREEGGAAS S 4422..554 4 4433..004 4 4433..554 4 4444..004 4 4444..554 4 4455..004 4 4455..5544 DELTA DELTA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 DELTAT DELTAT ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMA GAMA ########### # ########## ## ############ ############ ########### # ########### # ########### # 00..0000 GAMAT GAMAT ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETA THETA ########### # ########## ## ############ ############ ########## ## ########## ## ############ THETAT THETAT ########### # ########## ## ############ ############ ########### # ########### # ########### # N N OO DQ DQ 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 NNDD DQT DQT 00..000 0 00..000 0 00..0000 0.000.00 00..000 0 00..000 0 00..000 0 00..0000 0.00 0.00 95.00%95.00% ##NNUUMM! ! ##NNUUMM! ! 4444..1100 0.00 0.00 90.00%90.00% ##NNUUMM! ! ##NNUUMM! ! 00 #NUM! #NUM! 85.00%85.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 80.00%80.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 75.00%75.00% ##NNUUMM! ! ##NNUUMM! ! 4444..0044 00 #NUM!#NUM! 70.00%70.00% ##NNUUMM! ! ##NNUUMM! ! 00 00 #NUM!#NUM! 65.00%65.00% ##NNUUMM! ! ##NNUUMM! ! 00 60.00%

60.00% #NU#NUM! M! #NU#NUM!M! 55.00%

55.00% #NU#NUM! M! #NU#NUM!M! V VNNC C 3322..550 0 3333..000 0 3333..550 0 3344..000 0 3344..550 0 3535..000 0 3355..550 0 3366..000 0 3366..550 0 3377..000 0 3377..5500 SLD SLD 00 00 00 00 00 00 00 00 00 00 00 4 422..000 0 4422..550 0 4433..000 0 4433..550 0 4444..000 0 4444..550 0 4455..000 0 4455..550 0 4466..000 0 4466..550 0 4477..000 0 4477..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 5 522..000 0 5522..550 0 5533..000 0 5533..550 0 5544..000 0 5544..550 0 5555..000 0 5555..550 0 5566..000 0 5566..550 0 5577..000 0 5577..5500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 SPREAD SPREAD SPREAD SPREAD MONTAGEM MONTAGEM RESULTADO RESULTADO ALVO ABAIXO ALVO ABAIXO SEGUNDO ALVO SEGUNDO ALVO P

PRROOBABABIBILLIIDADADE DE AALLVVO O PPRROOBBAABBIILLIIDDAADDE E FFAAIIXXAA PRIMEIRO ALVO PRIMEIRO ALVO OPE OPERARAÇ Ç EE ENTRE OS ALVOS ENTRE OS ALVOS AÇ AÇ OO QUANTIDADE QUANTIDADE INVESTIDO INVESTIDO COT COTAÇ AÇ OO ALVO ACIMA ALVO ACIMA ALVO ACIMA ALVO ACIMA ALVO ABAIXO ALVO ABAIXO ATIVADO ATIVADO CON CONDIDIÇ Ç OO SPREAD ALVO SPREAD ALVO OP OPÇ Ç ESES CUSTO CUSTO FINANCEIRO FINANCEIRO 0 0 44.04 44.04 0 0 ALERTA SPREAD ALERTA SPREAD