Reporte de Opciones

Flavia Matsuda Analista Cuantitativo @FlaviMatsuda [email protected]

lunes, 24 de octubre de 2016 Subyacente

Precio

Serie

Tipo

Strike

Vto

Dias al Vto

Prima

% Var

Prima Teórica

Dif.vs Prima

Estado

AGRO

26.10 26.10 26.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10 11.10 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80 93.80

AGRC14.0DI AGRC17.0DI AGRC20.0DI ALUC5.80DI ALUC5.80FE ALUC8.50DI ALUC8.50FE ALUC9.40DI ALUC10.75D ALUC10.75F ALUC11.2DI ALUC11.2FE ALUC12.1DI ALUC12.5DI PBRC18.4DI PBRC18.4FE PBRC26.4DI PBRC30.4DI PBRC42.4FE PBRC70.4DI PBRC74.4DI PBRC78.4DI PBRC82.4DI PBRC86.4DI PBRC90.4NO PBRC90.4DI PBRC94.4NO PBRC94.4DI PBRC98.4DI PBRC98.4FE PBRC102.DI PBRC106.FE PBRC106.DI PBRC110.FE PBRC110.DI PBRV18.4NO PBRV18.4DI PBRV18.4FE PBRV66.4DI PBRV70.4DI PBRV74.4DI

Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Put Put Put Put Put Put

14.000 17.000 20.000 5.800 5.800 8.500 8.500 9.400 10.700 10.700 11.200 11.200 12.100 12.500 18.400 18.400 26.400 30.400 42.400 70.400 74.400 78.400 82.400 86.400 90.400 90.400 94.400 94.400 98.400 98.400 102.000 106.000 106.000 110.000 110.000 18.400 18.400 18.400 66.400 70.400 74.400

DI DI DI DI FE DI FE DI D F DI FE DI DI DI FE DI DI FE DI DI DI DI DI NO DI NO DI DI FE DI FE DI FE DI NO DI FE DI DI DI

52.00 52.00 52.00 52.00 115.00 52.00 115.00 52.00 52.00 115.00 52.00 115.00 52.00 52.00 52.00 115.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 24.00 52.00 24.00 52.00 52.00 115.00 52.00 115.00 52.00 115.00 52.00 24.00 52.00 115.00 52.00 52.00 52.00

0.00 0.00 7.00 5.56 6.30 0.00 0.00 2.30 1.25 0.00 0.80 1.80 0.59 0.30 75.50 0.00 0.00 0.00 0.00 24.50 20.55 16.75 14.00 11.00 5.84 8.95 0.00 6.90 5.00 0.00 3.73 4.50 2.70 0.00 1.95 0.00 0.03 0.06 0.00 0.30 0.00

-1% 3% 5% 21% 19% 0% 0% 18% 20% 4% 11% 14% 5% 8% 8% 25% 14% 20% 19% 8% 0% 8% 8% 314% -2% -14% -

12.63 9.75 6.94 5.52 5.77 2.92 3.29 2.06 0.92 1.42 0.59 1.08 0.21 0.12 76.09 76.88 68.40 64.55 54.82 26.15 22.45 18.88 15.54 12.48 6.99 9.77 4.64 7.46 5.55 10.42 4.16 7.27 2.96 5.94 2.05 0.00 0.00 0.00 0.03 0.10 0.24

-0.009 -0.007 -0.084 -0.105 -0.260 -0.260 -0.400 -0.646 -0.604 0.008 0.067 0.092 0.127 0.110 0.134 0.197 0.092 0.081 0.110 0.116 0.615 0.095 0.051 -1.000 -1.000 -0.680 -

ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM OTM OTM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM

ALUA

APBR

Valor Intrínseco 12.10 9.10 6.10 5.30 5.30 2.60 2.60 1.70 0.40 0.40

75.40 75.40 67.40 63.40 51.40 23.40 19.40 15.40 11.40 7.40 3.40 3.40

Cobertura %

Tasa Lanzam. %

26.82% 50.09% 56.76%

4.7% 4.7% 20.8%

20.72% 11.26%

6.8% 8.6%

7.21% 16.22% 5.32% 2.70% 80.49%

8.7% 20.4% 15.1% 15.7% 0.5%

26.12% 21.91% 17.86% 14.93% 11.73% 6.23% 9.54%

1.6% 1.6% 1.8% 3.3% 4.3% 2.8% 6.5%

7.36% 5.33%

8.6% 10.8%

3.98% 4.80% 2.88%

13.2% 18.7% 16.4%

2.08%

19.8%

Delta

Gamma

Vega

Theta

Rho

Efecto Palanca

Volat. Implícita

Volumen

1.000 0.996 0.959 1.000 1.000 1.000 0.995 0.987 0.801 0.826 0.641 0.729 0.322 0.210 1.000 1.000 1.000 1.000 1.000 0.983 0.962 0.926 0.872 0.799 0.711 0.710 0.564 0.611 0.508 0.607 0.419 0.482 0.328 0.420 0.249 0.000 0.000 0.000 -0.006 -0.017 -0.038

0.000 0.003 0.018 0.000 0.000 0.002 0.009 0.032 0.267 0.166 0.358 0.214 0.343 0.276 0.000 0.000 0.000 0.000 0.000 0.003 0.006 0.009 0.014 0.019 0.033 0.023 0.038 0.026 0.027 0.017 0.026 0.018 0.024 0.018 0.021 0.000 0.000 0.000 0.001 0.003 0.006

0.000 0.001 0.009 0.000 0.000 0.000 0.001 0.001 0.012 0.016 0.016 0.021 0.015 0.012 0.000 0.000 0.000 0.000 0.000 0.015 0.030 0.050 0.075 0.101 0.084 0.122 0.097 0.137 0.143 0.203 0.140 0.211 0.129 0.207 0.113 0.000 0.000 0.000 0.006 0.015 0.030

-0.069 -0.087 -0.120 -0.028 -0.027 -0.042 -0.040 -0.047 -0.060 -0.051 -0.059 -0.051 -0.042 -0.031 -0.090 -0.086 -0.129 -0.149 -0.198 -0.377 -0.426 -0.483 -0.543 -0.594 -0.794 -0.626 -0.811 -0.631 -0.608 -0.493 -0.564 -0.459 -0.498 -0.431 -0.421 0.000 0.000 0.000 -0.015 -0.033 -0.062

0.020 0.024 0.026 0.008 0.017 0.012 0.025 0.013 0.012 0.025 0.009 0.022 0.005 0.003 0.026 0.054 0.037 0.042 0.124 0.096 0.098 0.099 0.096 0.091 0.041 0.082 0.033 0.072 0.061 0.148 0.051 0.121 0.040 0.106 0.031 0.000 0.000 0.000 -0.001 -0.002 -0.006

2.07 2.67 3.61 2.01 1.92 3.80 3.36 5.32 9.62 6.46 12.02 7.49 17.14 19.63 1.23 1.22 1.37 1.45 1.71 3.53 4.02 4.60 5.26 6.00 9.55 6.81 11.41 7.68 8.59 5.47 9.43 6.23 10.40 6.63 11.38 138.15 66.31 31.42 18.46 16.53 14.77

54% 100% 50% 61% 48% 38% 57% 48% 38% 50% 50% 50% 50% 50% 24% 27% 35% 38% 38% 39% 29% 40% 41% 50% 50% 51% -

4320 7784 13140 95500 140993 59940 3600 87208 18400 22640 34150 37222 236129 522545 358580 5322 233128 2306965 3817707 938530 17550 291257 132498 397 295 180 -

San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

Reporte de Opciones

Subyacente

AUSO BHIP BMA BRIO CADO CAPX CECO2

CELU CEPU COME

CRES

Precio

Serie

Tipo

Strike

Vto

Dias al Vto

Prima

% Var

Prima Teórica

Dif.vs Prima

Estado

93.80 93.80 93.80 93.80 93.80 45.00 8.15 8.15 120.00 31.00 31.00 13.70 29.70 11.20 11.20 11.20 24.90 196.00 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 3.56 27.30 27.30 27.30 27.30

PBRV78.4DI PBRV82.4DI PBRV86.4DI PBRV90.4DI PBRV94.4DI AUSC33.0DI BHIC7.05DI BHIC8.05DI BMAC120.DI BRIC32.0DI BRIC34.0DI CADC13.0DI CAPC28.0DI CECC7.10DI CECC9.20DI CECC11.5DI CELC20.5DI CEPC88.0DI COMC2.00DI COMC2.00FE COMC2.20DI COMC2.80DI COMC2.80FE COMC3.00DI COMC3.00FE COMC3.15DI COMC3.15FE COMC3.30DI COMC3.30FE COMC3.45DI COMC3.60DI COMC3.60FE COMC3.75DI COMC3.90DI COMC4.05DI COMC4.20DI COMC4.35DI COMC4.50DI COMC4.90DI COMV3.00DI COMV3.15DI COMV3.30DI COMV3.45DI CREC11.0DI CREC11.0FE CREC22.0DI CREC24.0DI

Put Put Put Put Put Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Put Put Put Put Call Call Call Call

78.400 82.400 86.400 90.400 94.400 33.000 7.050 8.050 120.000 32.000 34.000 13.000 28.000 7.100 9.200 11.500 20.500 88.000 2.000 2.000 2.200 2.800 2.800 3.000 3.000 3.150 3.150 3.300 3.300 3.450 3.600 3.600 3.750 3.900 4.050 4.200 4.350 4.500 4.900 3.000 3.150 3.300 3.450 11.000 11.000 22.000 24.000

DI DI DI DI DI DI DI DI DI DI DI DI DI DI DI DI DI DI DI FE DI DI FE DI FE DI FE DI FE DI DI FE DI DI DI DI DI DI DI DI DI DI DI DI FE DI DI

52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00 115.00 52.00 115.00 52.00 115.00 52.00 115.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00

0.80 1.50 2.35 3.65 4.75 0.00 1.50 0.45 0.00 0.00 0.00 2.30 0.00 0.00 2.40 0.90 5.01 0.00 1.62 1.85 1.40 0.00 0.00 0.67 0.00 0.55 0.00 0.43 0.00 0.34 0.25 0.00 0.18 0.14 0.10 0.08 0.07 0.05 0.02 0.00 0.00 0.08 0.00 0.00 0.00 6.30 4.50

-20% -17% -19% -21% -27% 25% 0% -8% -8% 0% -25% 5% 40% 8% 20% 11% 7% 9% 14% 3% 7% 5% 0% 0% 6% 0% 0% -3% -7%

0.53 1.03 1.82 2.97 4.50 13.25 1.37 0.51 7.10 1.79 1.01 1.61 3.09 4.37 2.40 0.79 5.27 111.32 1.64 1.72 1.44 0.87 0.99 0.68 0.81 0.54 0.69 0.41 0.57 0.30 0.21 0.37 0.13 0.08 0.05 0.02 0.01 0.01 0.00 0.00 0.01 0.03 0.06 16.71 17.19 6.13 4.25

-0.340 -0.314 -0.225 -0.188 -0.052 -0.087 0.141 -0.301 0.000 -0.119 0.051 0.010 -0.070 0.031 0.010 -0.009 -0.041 -0.115 -0.179 -0.263 -0.419 -0.538 -0.684 -0.804 -0.877 -0.965 -0.652 -0.027 -0.056

OTM OTM OTM OTM ITM ITM ITM ITM ATM OTM OTM ITM ITM ITM ITM OTM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM ITM ITM ITM ITM

Valor Intrínseco

0.60 12.00 1.10 0.10

0.70 1.70 4.10 2.00 4.40 108.00 1.56 1.56 1.36 0.76 0.76 0.56 0.56 0.41 0.41 0.26 0.26 0.11

16.30 16.30 5.30 3.30

Cobertura %

Tasa Lanzam. %

18.40% 5.52%

6.0% 4.5%

16.79%

14.0%

21.43% 8.04% 20.12%

4.5% 11.7% 3.1%

45.51% 51.97% 39.33%

3.1% 17.0% 1.9%

18.82%

3.8%

15.31%

4.5%

12.08%

5.4%

9.49% 7.02%

7.1% 8.8%

5.06% 3.90% 2.81% 2.22% 1.83% 1.40% 0.56%

10.9% 14.0% 17.1% 20.7% 24.5% 28.2% 38.4%

23.08% 16.48%

4.8% 5.3%

Delta

Gamma

Vega

Theta

Rho

Efecto Palanca

Volat. Implícita

Volumen

-0.074 -0.128 -0.201 -0.290 -0.389 0.999 0.988 0.743 0.674 0.547 0.372 0.732 0.824 0.999 0.936 0.562 0.945 1.000 1.000 1.000 1.000 0.995 0.982 0.976 0.952 0.937 0.913 0.865 0.858 0.756 0.620 0.703 0.472 0.334 0.219 0.134 0.076 0.041 0.006 -0.024 -0.063 -0.135 -0.244 1.000 1.000 0.996 0.961

0.009 0.014 0.019 0.023 0.026 0.001 0.047 0.475 0.031 0.093 0.089 0.141 0.078 0.002 0.068 0.216 0.029 0.000 0.000 0.000 0.000 0.034 0.078 0.146 0.174 0.319 0.275 0.560 0.391 0.807 0.981 0.603 1.025 0.937 0.761 0.556 0.369 0.225 0.043 0.146 0.319 0.560 0.807 0.000 0.000 0.004 0.032

0.050 0.075 0.101 0.122 0.137 0.001 0.001 0.010 0.165 0.047 0.045 0.017 0.029 0.000 0.005 0.017 0.010 0.000 0.000 0.000 0.000 0.000 0.001 0.001 0.002 0.002 0.003 0.003 0.005 0.004 0.005 0.007 0.005 0.005 0.004 0.003 0.002 0.001 0.000 0.001 0.002 0.003 0.004 0.000 0.000 0.001 0.009

-0.100 -0.141 -0.172 -0.185 -0.170 -0.162 -0.035 -0.043 -0.647 -0.188 -0.159 -0.094 -0.165 -0.035 -0.056 -0.075 -0.121 -0.430 -0.010 -0.009 -0.011 -0.014 -0.013 -0.016 -0.015 -0.017 -0.016 -0.019 -0.016 -0.020 -0.020 -0.017 -0.018 -0.015 -0.011 -0.008 -0.005 -0.003 -0.001 -0.001 -0.002 -0.003 -0.003 -0.054 -0.051 -0.109 -0.127

-0.011 -0.019 -0.030 -0.044 -0.060 0.046 0.010 0.008 0.107 0.022 0.015 0.012 0.031 0.010 0.012 0.008 0.027 0.123 0.003 0.006 0.003 0.004 0.008 0.004 0.008 0.004 0.008 0.004 0.008 0.003 0.003 0.007 0.002 0.002 0.001 0.001 0.000 0.000 0.000 0.000 0.000 -0.001 -0.001 0.015 0.032 0.031 0.032

13.16 11.70 10.38 9.18 8.11 3.39 5.88 11.79 11.38 9.46 11.40 6.24 7.92 2.56 4.37 7.94 4.47 1.76 2.18 2.07 2.47 4.09 3.53 5.13 4.16 6.18 4.72 7.47 5.35 9.00 10.75 6.80 12.67 14.72 16.87 19.07 21.31 23.57 29.54 23.50 20.24 17.29 14.67 1.63 1.59 4.43 6.17

47% 48% 47% 47% 44% 51% 15% 83% 43% 49% 50% 50% 50% 50% 50% 31% 34% 37% 37% 37% 40% 41% 43% 46% 47% 48% 43% 48% 41%

18750 90523 166331 214110 94520 6000 585 17585 43070 5400 17903 194280 555 9550 77540 105845 255837 272469 705990 190388 223650 245691 12057 16034 14301 10785 4000 50950 4950

San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

2

Reporte de Opciones

Subyacente

CTIO EDN

ERAR

FRAN

GARO GGAL

Precio

Serie

Tipo

Strike

Vto

Dias al Vto

Prima

% Var

Prima Teórica

Dif.vs Prima

Estado

27.30 27.30 27.30 27.30 27.30 27.30 27.30 27.30 27.30 27.30 42.15 42.15 18.90 18.90 18.90 18.90 18.90 18.90 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 9.87 106.45 106.45 106.45 9.94 47.95 47.95 47.95 47.95 47.95 47.95

CREC25.0DI CREC27.0DI CREC27.0FE CREC28.0DI CREC28.0FE CREC29.0DI CREC30.0DI CREV26.0DI CREV26.0FE CREV28.0FE CTOC46.0DI CTOC48.0DI EDNC12.7DI EDNC13.9DI EDNC15.1DI EDNV11.2DI EDNV13.9DI EDNV15.7DI ERAC4.30DI ERAC4.30FE ERAC6.20FE ERAC6.70DI ERAC7.70DI ERAC8.30DI ERAC8.30FE ERAC8.70DI ERAC8.70FE ERAC9.10DI ERAC9.10FE ERAC9.50DI ERAC9.90DI ERAC10.3DI ERAC11.1DI ERAV7.70DI ERAV7.70FE ERAV9.10DI ERAV9.90DI FRAC84.0DI FRAC90.0DI FRAC108.DI GARC10.5DI GFGC45.0DI GFGC46.0DI GFGC46.0FE GFGC47.0DI GFGC47.0FE GFGC48.0DI

Call Call Call Call Call Call Call Put Put Put Call Call Call Call Call Put Put Put Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Put Put Put Put Call Call Call Call Call Call Call Call Call Call

25.000 27.000 27.000 28.000 28.000 29.000 30.000 26.000 26.000 28.000 46.000 48.000 12.700 13.900 15.100 11.200 13.900 15.700 4.300 4.300 6.200 6.700 7.700 8.300 8.300 8.700 8.700 9.100 9.100 9.500 9.900 10.300 11.100 7.700 7.700 9.100 9.900 84.000 90.000 108.000 10.500 45.000 46.000 46.000 47.000 47.000 48.000

DI DI FE DI FE DI DI DI FE FE DI DI DI DI DI DI DI DI DI FE FE DI DI DI FE DI FE DI FE DI DI DI DI DI FE DI DI DI DI DI DI DI DI FE DI FE DI

52.00 52.00 115.00 52.00 115.00 52.00 52.00 52.00 115.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 115.00 52.00 52.00 52.00 115.00 52.00 115.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 115.00 52.00

3.90 2.30 4.00 1.79 0.00 1.20 0.82 0.75 0.80 0.00 1.30 1.00 0.00 0.00 4.15 0.00 0.00 0.10 5.80 0.00 0.00 0.00 0.00 1.90 2.60 1.53 2.00 1.20 0.00 1.00 0.71 0.50 0.22 0.00 0.00 0.20 0.65 33.00 22.00 0.00 0.40 4.70 3.81 0.00 3.10 0.00 2.50

-3% -8% 14% -6% -4% -15% 7% -24% -13% 0% 4% -50% 2% 4% 11% -4% 0% -8% 3% -1% 4% 0% -15% -7% 6% -15% -27% 0% -4% -3% 0%

3.36 1.83 3.05 1.24 2.43 0.80 0.48 0.26 0.36 0.87 0.57 0.22 6.68 5.52 4.37 0.00 0.00 0.01 5.73 5.92 4.17 3.42 2.46 1.89 2.26 1.51 1.91 1.16 1.58 0.83 0.56 0.35 0.11 0.00 0.00 0.04 0.22 25.63 19.93 5.69 0.37 4.95 4.16 6.28 3.43 5.57 2.78

-0.139 -0.205 -0.236 -0.305 -0.334 -0.410 -0.654 -0.553 -0.560 -0.778 0.054 -0.855 -0.012 -0.007 -0.132 -0.011 -0.046 -0.036 -0.165 -0.206 -0.293 -0.499 -0.783 -0.661 -0.223 -0.094 -0.086 0.053 0.091 0.107 0.112

ITM ITM ITM OTM OTM OTM OTM OTM OTM ITM OTM OTM ITM ITM ITM OTM OTM OTM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM OTM OTM OTM OTM ITM ITM ITM OTM OTM ITM ITM ITM ITM ITM OTM

Valor Intrínseco

Cobertura %

Tasa Lanzam. %

2.30 0.30 0.30

14.29% 8.42% 14.65% 6.56%

6.8% 8.0% 15.9% 9.8%

4.40% 3.00%

11.1% 13.3%

3.08% 2.37%

12.6% 16.6%

21.96%

2.4%

58.76%

5.7%

19.25% 26.34% 15.50% 20.26% 12.16%

4.1% 14.2% 4.3% 10.5% 5.0%

10.13% 7.19% 5.07% 2.23%

7.1% 8.1% 9.9% 15.0%

31.00% 20.67%

14.4% 6.6%

4.02% 9.80% 7.95%

10.1% 4.0% 4.2%

6.47%

4.8%

5.21%

5.6%

0.70

6.20 5.00 3.80

5.57 5.57 3.67 3.17 2.17 1.57 1.57 1.17 1.17 0.77 0.77 0.37

0.03 22.45 16.45

2.95 1.95 1.95 0.95 0.95

Delta

Gamma

Vega

Theta

Rho

Efecto Palanca

Volat. Implícita

Volumen

0.910 0.711 0.767 0.573 0.684 0.430 0.301 -0.173 -0.161 -0.316 0.284 0.135 1.000 0.999 0.993 0.000 -0.001 -0.018 1.000 1.000 1.000 1.000 0.999 0.989 0.972 0.963 0.942 0.905 0.894 0.804 0.663 0.501 0.216 -0.001 -0.007 -0.095 -0.337 0.997 0.980 0.612 0.463 0.871 0.816 0.835 0.748 0.794 0.672

0.061 0.128 0.077 0.147 0.090 0.147 0.130 0.096 0.062 0.090 0.100 0.064 0.000 0.001 0.010 0.000 0.001 0.022 0.000 0.000 0.000 0.000 0.004 0.032 0.047 0.087 0.084 0.181 0.132 0.296 0.390 0.426 0.313 0.004 0.015 0.181 0.390 0.001 0.004 0.035 0.361 0.047 0.059 0.037 0.071 0.043 0.080

0.017 0.036 0.047 0.041 0.055 0.041 0.036 0.027 0.038 0.055 0.054 0.035 0.000 0.000 0.001 0.000 0.000 0.003 0.000 0.000 0.000 0.000 0.000 0.001 0.004 0.003 0.006 0.006 0.010 0.010 0.014 0.015 0.011 0.000 0.001 0.006 0.014 0.004 0.019 0.155 0.015 0.038 0.049 0.067 0.058 0.077 0.066

-0.138 -0.149 -0.127 -0.142 -0.125 -0.125 -0.100 -0.020 -0.005 0.006 -0.133 -0.076 -0.062 -0.068 -0.076 0.000 0.000 -0.004 -0.021 -0.020 -0.029 -0.033 -0.038 -0.042 -0.040 -0.046 -0.042 -0.050 -0.044 -0.053 -0.053 -0.048 -0.028 0.000 0.000 -0.005 -0.005 -0.416 -0.463 -0.579 -0.050 -0.249 -0.257 -0.221 -0.259 -0.222 -0.257

0.031 0.026 0.057 0.021 0.052 0.016 0.011 -0.007 -0.015 -0.030 0.017 0.008 0.018 0.019 0.021 0.000 0.000 -0.001 0.006 0.013 0.018 0.009 0.011 0.011 0.023 0.012 0.023 0.011 0.023 0.010 0.009 0.007 0.003 0.000 0.000 -0.001 -0.005 0.117 0.123 0.086 0.006 0.053 0.051 0.107 0.047 0.103 0.043

7.40 10.62 6.86 12.56 7.68 14.69 16.95 18.20 12.28 9.88 20.92 25.60 2.83 3.42 4.29 48.96 32.64 24.04 1.72 1.67 2.37 2.88 4.01 5.17 4.25 6.28 4.87 7.72 5.59 9.51 11.61 13.99 19.34 36.98 20.80 21.63 15.10 4.14 5.24 11.45 12.60 8.44 9.41 6.37 10.46 6.83 11.59

47% 38% 44% 39% 35% 35% 41% 36% 33% 38% 50% 42% 50% 32% 59% 29% 35% 31% 39% 35% 35% 34% 42% 55% 50% 60% 31% 16% 16% 19% 20%

15600 13635 400 105367 21085 16720 4440 800 15775 10000 65690 750 30160 254306 36400 35440 2400 70745 207985 150764 759342 28260 2043 9750 9900 20000 8972 13020 26535 46299 374800

San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

3

Reporte de Opciones

Subyacente

INDU

JMIN METR MIRG

PAMP

PESA PETR

Precio

Serie

Tipo

Strike

Vto

Dias al Vto

Prima

% Var

Prima Teórica

Dif.vs Prima

Estado

47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 47.95 4.22 4.22 4.22 31.70 31.70 11.00 1356.00 1356.00 1356.00 1356.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 21.00 10.80 78.40

GFGC49.0DI GFGC50.0DI GFGC50.0FE GFGC51.0DI GFGC52.0DI GFGC53.0DI GFGC55.0DI GFGV11.0DI GFGV11.0FE GFGV37.0DI GFGV42.0DI GFGV45.0DI GFGV46.0DI GFGV47.0DI GFGV48.0DI GFGV49.0DI INDC3.20DI INDC3.60DI INDC4.00DI JMIC29.0DI JMIC36.0DI METC8.40DI MIRC800.DI MIRC1380.D MIRC1420.D MIRC1500.D PAMC11.5DI PAMC16.2DI PAMC16.9DI PAMC17.6DI PAMC18.3DI PAMC19.0DI PAMC19.7DI PAMC20.4DI PAMC21.1DI PAMC22.1DI PAMC23.1DI PAMC24.1DI PAMC25.1DI PAMV11.5DI PAMV11.5FE PAMV15.5DI PAMV16.2DI PAMV18.3DI PAMV19.7DI PSAC10.8DI PETC60.0DI

Call Call Call Call Call Call Call Put Put Put Put Put Put Put Put Put Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Put Put Put Put Put Put Call Call

49.000 50.000 50.000 51.000 52.000 53.000 55.000 11.000 11.000 37.000 42.000 45.000 46.000 47.000 48.000 49.000 3.200 3.600 4.000 29.000 36.000 8.400 800.000 1380.000 1420.000 1500.000 11.500 16.200 16.900 17.600 18.300 19.000 19.700 20.400 21.100 22.100 23.100 24.100 25.100 11.500 11.500 15.500 16.200 18.300 19.700 10.800 60.000

DI DI FE DI DI DI DI DI FE DI DI DI DI DI DI DI DI DI DI DI DI DI DI .D .D .D DI DI DI DI DI DI DI DI DI DI DI DI DI DI FE DI DI DI DI DI DI

52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00

2.00 1.67 2.80 0.00 0.90 0.65 0.44 0.03 0.05 0.00 0.30 0.00 0.90 0.00 1.90 0.00 0.00 0.00 0.55 4.90 1.85 0.00 0.00 0.00 0.00 21.00 0.00 5.30 4.70 0.00 0.00 2.75 2.40 1.80 1.70 1.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55 0.00 0.00

0% 2% 4% 0% -19% -12% -3% 0% 0% -10% 0% 0% -22% -7% -32% 0% -6% -24% -11% -25% -17% -13% -26% -

2.21 1.72 3.71 1.31 0.97 0.71 0.36 0.00 0.00 0.00 0.06 0.30 0.47 0.71 1.02 1.41 1.14 0.77 0.45 5.09 1.85 2.93 586.17 75.84 56.58 29.03 9.93 5.42 4.76 4.11 3.49 2.90 2.36 1.88 1.46 0.97 0.61 0.37 0.21 0.00 0.00 0.00 0.01 0.10 0.32 0.50 20.78

0.103 0.028 0.325 0.083 0.095 -0.191 -1.000 -1.000 -0.814 -0.474 -0.463 -0.180 0.038 0.002 0.383 0.023 0.013 0.056 -0.015 0.043 -0.143 -0.307 -0.417 -

OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM ITM ITM ITM ITM ITM ITM OTM ITM ITM OTM OTM OTM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM OTM ATM ITM

Valor Intrínseco

0.05 1.05 1.02 0.62 0.22 2.70

Cobertura %

Tasa Lanzam. %

4.17% 3.48% 5.84%

6.6% 8.0% 10.7%

1.88% 1.36% 0.92%

10.5% 12.1% 15.8%

13.03% 15.46% 5.84%

9.0% 8.2% 20.6%

1.55%

12.4%

25.24% 22.38%

3.2% 3.7%

13.10% 11.43% 8.57% 8.10% 6.67%

4.1% 5.9% 6.3% 9.3% 12.8%

2.60 556.00

9.50 4.80 4.10 3.40 2.70 2.00 1.30 0.60

18.40

Delta

Gamma

Vega

Theta

Rho

Efecto Palanca

Volat. Implícita

Volumen

0.589 0.504 0.646 0.420 0.342 0.271 0.157 0.000 0.000 -0.001 -0.031 -0.129 -0.184 -0.252 -0.328 -0.411 0.992 0.937 0.773 0.745 0.398 0.983 1.000 0.595 0.496 0.311 1.000 0.991 0.979 0.957 0.922 0.870 0.802 0.720 0.627 0.487 0.355 0.243 0.157 0.000 0.000 -0.004 -0.009 -0.078 -0.198 0.757 0.976

0.086 0.089 0.056 0.087 0.082 0.074 0.053 0.000 0.000 0.000 0.015 0.047 0.059 0.071 0.080 0.086 0.039 0.217 0.529 0.043 0.052 0.025 0.000 0.003 0.003 0.002 0.000 0.009 0.019 0.033 0.053 0.077 0.102 0.123 0.138 0.146 0.136 0.114 0.088 0.000 0.000 0.004 0.009 0.053 0.102 0.503 0.004

0.071 0.073 0.101 0.071 0.067 0.060 0.044 0.000 0.000 0.000 0.013 0.038 0.049 0.058 0.066 0.071 0.000 0.002 0.005 0.039 0.047 0.002 0.000 2.003 2.061 1.825 0.000 0.002 0.004 0.007 0.012 0.017 0.022 0.027 0.030 0.032 0.030 0.025 0.019 0.000 0.000 0.001 0.002 0.012 0.022 0.013 0.017

-0.248 -0.233 -0.213 -0.212 -0.187 -0.161 -0.108 0.000 0.000 -0.001 -0.013 -0.030 -0.032 -0.030 -0.022 -0.008 -0.016 -0.021 -0.026 -0.252 -0.245 -0.045 -3.908 -7.655 -7.184 -5.587 -0.056 -0.083 -0.089 -0.098 -0.107 -0.116 -0.124 -0.128 -0.128 -0.119 -0.102 -0.081 -0.059 0.000 0.000 -0.002 -0.004 -0.018 -0.028 -0.052 -0.330

0.038 0.033 0.087 0.027 0.022 0.018 0.010 0.000 0.000 0.000 -0.002 -0.009 -0.014 -0.019 -0.024 -0.031 0.004 0.005 0.004 0.027 0.016 0.011 1.118 1.062 0.894 0.570 0.016 0.022 0.023 0.023 0.023 0.022 0.021 0.019 0.017 0.013 0.010 0.007 0.004 0.000 0.000 0.000 0.000 -0.003 -0.006 0.011 0.081

12.80 14.08 8.35 15.42 16.81 18.24 21.20 172.37 81.51 38.77 26.51 20.46 18.67 16.99 15.43 13.98 3.66 5.12 7.24 4.64 6.80 3.70 2.31 10.64 11.88 14.52 2.11 3.84 4.32 4.88 5.54 6.29 7.13 8.05 9.04 10.55 12.16 13.82 15.52 40.03 20.41 24.10 21.88 16.11 12.95 16.36 3.68

22% 24% 15% 24% 24% 26% 50% 50% 36% 33% 38% 54% 57% 62% 25% 50% 50% 22% 36% 31% 42% 48% 44% -

135393 339324 1400 4500 51651 45145 590 750 2790 1900 64450 2450 85350 38177 2100 26500 4700 7530 21405 22200 257478 147546 4430 -

San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

4

Reporte de Opciones

Subyacente

SAMI TECO2

TGNO4

TGSU2

TRAN

TS

VALE

YPFD

Precio

Serie

Tipo

Strike

Vto

Dias al Vto

Prima

% Var

Prima Teórica

Dif.vs Prima

Estado

78.40 122.80 122.80 56.40 56.40 56.40 12.20 12.20 12.20 23.80 23.80 23.80 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 219.00 219.00 219.00 219.00 219.00 219.00 49.70 49.70 49.70 49.70 49.70 49.70 288.00 288.00 288.00 288.00 288.00 288.00 288.00 288.00 288.00 288.00

PETC62.0DI SAMC100.DI SAMC120.DI TECC50.6DI TECC50.6FE TECC60.6DI TGNC8.50DI TGNC9.50DI TGNC10.25D TGSC21.9DI TGSC23.9DI TGSC23.9FE TRAC6.10DI TRAC6.40DI TRAC7.00DI TRAC7.00FE TRAC7.60DI TRAC7.90DI TRAC9.10DI TRAC9.40DI TRAC10.0DI TRAC11.0DI TRAC12.0DI TRAC13.0DI TRAV12.0DI TS.C213.DI TS.C237.DI TS.C237.NO TS.C245.DI TS.C269.DI TS.V213.DI VALC38.0DI VALC42.0DI VALC46.0DI VALC50.0DI VALC52.0DI VALC54.0DI YPFC240.DI YPFC260.FE YPFC280.DI YPFC300.NO YPFC300.DI YPFC320.DI YPFC340.DI YPFV260.DI YPFV280.DI YPFV300.DI

Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Call Put Call Call Call Call Call Put Call Call Call Call Call Call Call Call Call Call Call Call Call Put Put Put

62.000 100.000 120.000 50.600 50.600 60.600 8.500 9.500 10.200 21.900 23.900 23.900 6.100 6.400 7.000 7.000 7.600 7.900 9.100 9.400 10.000 11.000 12.000 13.000 12.000 213.000 237.000 237.000 245.000 269.000 213.000 38.000 42.000 46.000 50.000 52.000 54.000 240.000 260.000 280.000 300.000 300.000 320.000 340.000 260.000 280.000 300.000

DI DI DI DI FE DI DI DI D DI DI FE DI DI DI FE DI DI DI DI DI DI DI DI DI DI DI NO DI DI DI DI DI DI DI DI DI DI FE DI NO DI DI DI DI DI DI

52.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 115.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 24.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 115.00 52.00 24.00 52.00 52.00 52.00 52.00 52.00 52.00

0.00 0.00 0.00 0.00 0.00 2.00 0.00 2.90 0.00 0.00 0.00 0.00 6.10 5.60 5.00 0.00 0.00 0.00 4.00 3.00 0.00 0.00 1.01 0.00 0.50 0.00 5.00 0.00 0.00 0.00 4.00 0.00 10.00 7.00 4.00 3.70 2.50 59.90 0.00 27.00 0.00 12.60 6.50 0.00 2.50 8.00 0.00

0% -9% -8% 19% -9% 3% 0% -25% 0% -9% 7% 18% 27% 300% 32% 0% -16% 0% 1% -19% 9% 100% -

18.94 26.65 9.92 7.76 10.00 1.00 4.02 3.06 2.41 2.84 1.37 2.43 6.33 6.04 5.46 5.77 4.89 4.60 3.45 3.17 2.63 1.79 1.11 0.63 0.46 18.09 6.10 2.12 3.89 0.79 4.05 13.34 9.94 7.00 4.65 3.72 2.93 57.17 50.84 22.69 5.04 11.06 4.40 1.42 0.93 4.14 11.75

-0.498 0.056 0.038 0.079 0.093 -0.137 0.057 0.104 -0.075 0.219 0.014 -0.006 0.000 0.164 0.005 0.172 -0.046 -0.160 -0.122 -0.324 -0.626 -0.483 -

ITM ITM ITM ITM ITM OTM ITM ITM ITM ITM OTM OTM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM ITM OTM OTM ITM OTM OTM OTM OTM OTM ITM ITM ITM OTM OTM OTM ITM ITM ITM OTM OTM OTM OTM OTM OTM ITM

Valor Intrínseco

Cobertura %

Tasa Lanzam. %

16.40 22.80 2.80 5.80 5.80 3.70 2.70 2.00 1.90

6.10 5.80 5.20 5.20 4.60 4.30 3.10 2.80 2.20 1.20 0.20

3.55%

11.4%

23.77%

2.2%

50.00% 45.90% 40.98%

0.0% -3.0% -2.8%

32.79% 24.59%

11.0% 2.2%

8.28%

7.2%

2.28%

10.7%

20.12% 14.08% 8.05% 7.44% 5.03% 20.80%

5.8% 7.7% 9.4% 13.0% 14.4% 5.2%

9.38%

7.3%

4.38% 2.26%

8.9% 13.7%

6.00

11.70 7.70 3.70

48.00 28.00 8.00

12.00

Delta

Gamma

Vega

Theta

Rho

Efecto Palanca

Volat. Implícita

Volumen

0.962 0.985 0.722 0.972 0.956 0.350 0.999 0.991 0.965 0.902 0.655 0.734 1.000 1.000 1.000 0.998 1.000 0.999 0.986 0.976 0.944 0.837 0.666 0.468 -0.334 0.741 0.380 0.226 0.273 0.075 -0.259 0.952 0.876 0.755 0.604 0.525 0.448 0.989 0.911 0.765 0.382 0.510 0.266 0.108 -0.071 -0.235 -0.490

0.007 0.003 0.024 0.015 0.014 0.083 0.001 0.015 0.051 0.074 0.158 0.095 0.000 0.000 0.000 0.002 0.001 0.002 0.019 0.029 0.059 0.128 0.190 0.207 0.190 0.013 0.016 0.018 0.014 0.006 0.013 0.010 0.021 0.032 0.040 0.041 0.041 0.001 0.004 0.011 0.019 0.014 0.011 0.007 0.005 0.011 0.014

0.025 0.018 0.157 0.014 0.029 0.080 0.000 0.001 0.004 0.016 0.033 0.044 0.000 0.000 0.000 0.000 0.000 0.000 0.002 0.003 0.005 0.011 0.017 0.018 0.017 0.270 0.318 0.172 0.278 0.119 0.270 0.019 0.039 0.060 0.073 0.075 0.075 0.033 0.262 0.338 0.288 0.438 0.360 0.204 0.149 0.338 0.438

-0.356 -0.515 -0.715 -0.258 -0.241 -0.204 -0.042 -0.048 -0.055 -0.121 -0.129 -0.110 -0.030 -0.031 -0.034 -0.033 -0.037 -0.039 -0.048 -0.051 -0.059 -0.074 -0.082 -0.076 -0.023 -1.256 -1.008 -0.949 -0.823 -0.310 -0.216 -0.236 -0.302 -0.357 -0.376 -0.369 -0.352 -1.212 -1.279 -1.583 -1.581 -1.442 -0.985 -0.501 -0.147 -0.215 0.024

0.082 0.137 0.114 0.068 0.140 0.027 0.012 0.013 0.014 0.027 0.021 0.048 0.009 0.009 0.010 0.020 0.011 0.011 0.012 0.013 0.013 0.012 0.010 0.007 -0.007 0.209 0.112 0.032 0.081 0.023 -0.088 0.049 0.049 0.044 0.037 0.032 0.028 0.330 0.672 0.287 0.072 0.197 0.105 0.043 -0.031 -0.104 -0.222

3.98 4.54 8.94 7.06 5.39 19.67 3.03 3.95 4.89 7.57 11.40 7.19 1.93 2.02 2.23 2.11 2.50 2.65 3.48 3.75 4.39 5.70 7.29 9.08 8.82 8.98 13.64 23.34 15.38 20.81 13.97 3.55 4.38 5.36 6.45 7.02 7.61 4.98 5.16 9.70 21.84 13.29 17.41 21.84 21.86 16.39 12.01

33% 50% 50% 50% 50% 50% 50% 35% 43% 26% 29% 53% 51% 42% 51% 46% 49% 38% 30% 32% 34% 37% -

10750 290 15000 5600 2500 800 88820 235521 2500 8600 3600 20000 17500 11200 3700 5000 365400 143630 87765 10950 3710 10180 -

San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

5

Glosario Subyacente: acción o bono al cual está vinculada la opción respectiva. Precio: Es el precio de cierre de la acción/bono subyacente. Tipo: Call (opción de compra) / Put (opción de venta). Strike: Precio de ejercicio de la opción. Días al Vto: Días corridos desde la fecha de análisis hasta el vencimiento de la opción. Vto: es el mes en el cual vence la opción. Prima: Último precio de la opción negociado en el mercado. % Var: Variación de la prima con relación al precio de cierre inmediato anterior. Prima Teórica: Valor teórico de la opción de acuerdo al modelo de valuación de Black and Scholes. Se utiliza la volatilidad historica de las ultimas 40 ruedas. Dif. Vs Prima: relación porcentual entre la prima teórica y el precio de mercado. Estado: Indica si la opción está OTM (Out of the money) / ITM (In the money) / ATM (At the money). En castellano se define como No ejercible/ Ejercible / Indiferente a ejercer. Valor intrínseco: Es la diferencia entre el precio de mercado y el precio de ejercicio. Sólo se consigna en las opciones ejercibles (ITM). Cobertura: Es la relación de la prima con respecto al precio de mercado del subyacente. Tasa Lanzam.: Es la tasa estimada de ganancia en el caso de haber realizado un lanzamiento y ser ejercido. Se computa como el ratio entre el precio de ejercicio del lanzamiento y la diferencia del precio de mercado del acción y la prima de la opción. Sólo aplica para las opciones de compra. Delta: Letra griega que indica la variación teórica medida en pesos de la prima ante una variación en el subyacente de un peso. Gamma: Letra griega que indica la variación teórica del Delta ante una variación de una unidad en el subyacente. Vega: Letra griega que indica la variación teórica de la prima ante un cambio de una unidad en la volatilidad. Theta: Letra griega que indica la variación teórica de la prima ante el paso del tiempo en días. Rho: Letra griega que indica la variación teórica de la prima ante un cambio de un punto en la tasa de interés. Efecto Palanca: Mide el grado de apalancamiento de la opción. Es el retorno relativo a obtener por invertir en la opción ante la variación del activo subyacente de un peso. Volatilidad implícita: Es la volatilidad que se deduce del modelo de valuación de Black and Scholes, tomando como parámetro el precio de mercado de la opción y como incógnita la volatilidad. Volumen: Monto total operado. San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

Cláusula Legal Este reporte tiene el propósito de brindar información para generar debate. Mientras no esté especificado el mismo no constituye ninguna oferta o recomendación de compra o venta de los instrumentos financieros mencionados. Por otro lado, este reporte no tiene en cuenta los objetivos de inversión y/o la situación financiera de ninguna persona en particular. Los Asesores Financieros relacionados a invertirOnline.com pueden ofrecer sus opiniones o perspectivas concernientes a lo apropiado de la naturaleza de determinadas estrategias de inversión; sin embargo, es finalmente el usuario o cliente el responsable último de las decisiones de inversión que adopta debiendo estar tales decisiones basadas únicamente en sus circunstancias económicas, objetivos financieros, tolerancia al riesgo y necesidades de liquidez personales. Las inversiones en activos financieros y otros productos conllevan riesgos, incluyendo la perdida de capital significativa. Los riesgos incluyen pero no están limitados a: riesgo de tasa de interés, riesgos de liquidez, de tipo de cambio y el riesgo específico de la empresa y/o sector. Este documento contiene información histórica y prospectiva. Los rendimientos pasados no son garantía o indicativo de resultados futuros. Todos los precios, valores o estimaciones generadas en este reporte (excepto aquellos identificados como históricos) son con fines indicativos. Todos los datos utilizados en este reporte están basados en fuentes que se consideran confiables y de buena fe, pero no implican garantía implícita o explícita de su precisión y completitud. Mayor información al respecto se encuentra disponible de ser requerida. Conflictos de Interés Hemos implementado y mantenemos implementando un período de restricción de 2 semanas sobre las carteras administradas previo a la emisión de un reporte de manera de evitar la compra/venta de acciones específicas que se encuentran involucrados en el presente research. Los analistas involucrados en la creación de este research pueden tener intereses directos o indirectos dentro de las posiciones mencionadas en este reporte. En caso de ser así en el siguiente cuadro se listarán aquellos activos en que los analistas tienen posiciones y la naturaleza de las mismas. Fecha de Posición

Analista

Posisición

Activo

Déjenos su feedback sobre este reporte

Alejandro Bianchi, CFA Gerente de Inversiones @aleebianchi fb.com/alejandro.emilio.bianchi

Flavia Matsuda Analista Cuantitativo @FlaviaMatsuda [email protected]

Manuel Carpintero Asesor Financiero (54 11) 4000 1400 [email protected]

www.invertironline.com @InvertirOnline InvertirOnline San Martin 323 Piso 11 C.A.B.A. - Argentina - Te. 4000-1400 - 0810-1222-IOL (465)

Ignacio Muneta Asesor Financiero (54 11) 4000 1400 [email protected]