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Simplify the Complex Fraction (xx1)(x1x)\frac { \left( \frac { x } { x - 1 } \right) } { \left( \frac { x } { 1 - x } \right) }

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Simplify the complex fraction. (xx1) (x1x) \frac { \left( \frac { x } { x - 1 } \right) } { \left( \frac { x } { 1 - x } \right) }


Definitions:

Covered Call

An options strategy where an investor holds a long position in an asset and sells call options on that same asset to generate income from the option premiums.

Exchange-Traded Options

Options contracts that are traded on a regulated exchange rather than being dealt with privately between two parties.

OTC Options

Over-the-counter options are trades made directly between two parties, not on a formal exchange, tailored to the parties' requirements.

Counterparty Credit Risk

The risk that the other party in a financial transaction might default on their contractual obligations.

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