CAPITAL

English Explanation: ① B represents the total amount of capital that can be mobilized for a trade. It reflects the investor’s overall fundraising capacity. ② S is the total market valuation of the selected financial instruments (assets) that can actually be mobilized from that capital. ③ R is the remaining amount that must be considered as borrowed funds after deducting the asset value (S) from the total capital (B). ④ T is a parameter used to assess the option price consistency between the formal capital (assumed as equity) and the necessary borrowing. ⑤ O, the final value, shows the alignment between capital structure and borrowing using a simplified option pricing logic.