/**
* Copyright (C) 2013 - present by OpenGamma Inc. and the OpenGamma group of companies
*
* Please see distribution for license.
*/
package com.opengamma.analytics.financial.equity.option;
import static org.testng.AssertJUnit.assertEquals;
import static org.testng.AssertJUnit.assertFalse;
import org.testng.annotations.Test;
import com.opengamma.analytics.financial.ExerciseDecisionType;
import com.opengamma.analytics.financial.commodity.definition.SettlementType;
import com.opengamma.util.money.Currency;
import com.opengamma.util.test.TestGroup;
/**
* Test.
*/
@Test(groups = TestGroup.UNIT)
public class EquityIndexOptionTest {
private static final boolean IS_CALL = false;
private static final double STRIKE = 100;
private static final Currency CCY = Currency.AUD;
private static final ExerciseDecisionType EXERCISE = ExerciseDecisionType.AMERICAN;
private static final double EXPIRY = 0.25;
private static final double SETTLEMENT = 0.253;
private static final double POINT_VALUE = 2500;
private static final SettlementType SETTLEMENT_TYPE = SettlementType.CASH;
private static final EquityIndexOption AMERICAN_PUT = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNegativeExpiry() {
new EquityIndexOption(-EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNegativeTimeToSettlement() {
new EquityIndexOption(EXPIRY, -SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testSettlementBeforeExpiry() {
new EquityIndexOption(EXPIRY, EXPIRY * 0.99, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNegativeStrike() {
new EquityIndexOption(EXPIRY, SETTLEMENT, -STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNullCurrency() {
new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, null, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testZeroUnitAmount() {
new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, 0, EXERCISE, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNullExerciseType() {
new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, null, SETTLEMENT_TYPE);
}
@Test(expectedExceptions = IllegalArgumentException.class)
public void testNullSettlementType() {
new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, null);
}
@Test
public void testObject() {
assertEquals(EXPIRY, AMERICAN_PUT.getTimeToExpiry());
assertEquals(SETTLEMENT, AMERICAN_PUT.getTimeToSettlement());
assertEquals(STRIKE, AMERICAN_PUT.getStrike());
assertEquals(IS_CALL, AMERICAN_PUT.isCall());
assertEquals(CCY, AMERICAN_PUT.getCurrency());
assertEquals(POINT_VALUE, AMERICAN_PUT.getUnitAmount());
assertEquals(EXERCISE, AMERICAN_PUT.getExerciseType());
assertEquals(SETTLEMENT_TYPE, AMERICAN_PUT.getSettlementType());
assertEquals(AMERICAN_PUT, AMERICAN_PUT);
assertFalse(AMERICAN_PUT.equals(null));
assertFalse(AMERICAN_PUT.equals(2.));
EquityIndexOption other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertEquals(AMERICAN_PUT, other);
assertEquals(AMERICAN_PUT.hashCode(), other.hashCode());
other = new EquityIndexOption(EXPIRY + 0.0001, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT + 1, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE + 1, IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, !IS_CALL, CCY, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, Currency.ITL, POINT_VALUE, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE * 2, EXERCISE, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, ExerciseDecisionType.EUROPEAN, SETTLEMENT_TYPE);
assertFalse(AMERICAN_PUT.equals(other));
other = new EquityIndexOption(EXPIRY, SETTLEMENT, STRIKE, IS_CALL, CCY, POINT_VALUE, EXERCISE, SettlementType.PHYSICAL);
assertFalse(AMERICAN_PUT.equals(other));
}
}