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PALOS DE LA FRONTERA, Spain — Back home in Gambia, Amadou Jallow was, at 22, a lover of reggae who had just finished college and had landed a job teaching science in a high school. But Europe beckoned.
In his West African homeland, Mr. Jallow&39; s salary was the equivalent of just 50 euros a month, barely enough for the necessities, he said. And everywhere in his neighborhood in Serekunda, Gambia&39; s largest city, there was talk of easy money to be made in Europe.
Now he laughs bitterly about all that talk. He lives in a patch of woods here in southern Spain, just outside the village of Palos de la Frontera, with hundreds of other immigrants. They have built their homes out of plastic sheeting and cardboard, unsure if the water they drink from an open pipe is safe. After six years on the continent, Mr. Jallow is rail thin, and his eyes have a yellow tinge.
“We are not bush people,” he said recently as he gathered twigs to start a fire. “You think you are civilized. But this is how we live here. We suffer here.”
The political upheaval in Libya and elsewhere in North Africa has opened the way for thousands of new migrants to make their way to Europe across the Mediterranean. Already some 25,000 have reached the island of Lampedusa, Italy, and hundreds more have arrived at Malta.
The boats, at first, brought mostly Tunisians. But lately there have been more sub-Saharans.
Experts say thousands more — many of whom have been moving around North Africa trying to get to Europe for years, including Somalis, Eritreans, Senegalese and Nigerians — are likely to follow, sure that a better life awaits them.
But for Mr. Jallow and for many others who arrived before them, often after days at sea without food or water, Europe has offered hardships they never imagined. These days Mr. Jallow survives on two meals a day, mostly a leaden paste made from flour and oil, which he stirs with a branch.
“It keeps the hunger away,” he said.
The authorities estimate that there are perhaps 10,000 immigrants living in the woods in the southern Spanish province of Andalusia, a region known for its crops of strawberries, raspberries and blueberries, and there are thousands more migrants in areas that produce olives, oranges and vegetables. Most of them have stories that echo Mr. Jallow&39; s.
From the road, their encampments look like igloos tucked among the trees. Up close, the squalor is clear. Piles of garbage and flies are everywhere. Old clothes, stiff from dirt and rain, hang from branches.
“There is everything in there,” said Diego Canamero, the leader of the farm workers&39; union in Andalusia, which tries to advocate for the men. “You have rats and snakes and mice and fleas.”
The men in the woods do not call home with the truth, though. They send pictures of themselves posing next to Mercedes cars parked on the street, the kind of pictures that Mr. Jallow says he fell for so many years ago. Now he shakes his head toward his neighbors, who will not talk to reporters.
“So many lies,” he said. “It is terrible what they are doing. But they are embarrassed.”
Even now, though, Mr. Jallow will not consider going back to Gambia. “I wouldprefer to die here,” he said. “I cannot go home empty-handed. If I went home, they would be saying, "What have you been doing with yourself, Amadou" They think in Europe there is money all over.”
The immigrants — virtually all of them are men — cluster by nationality and look for work on the farms. But Mr. Canamero says they are offered only the least desirable work, like handling pesticides, and little of it at that. Most have no working papers.
Occasionally, the police bring bulldozers to tear down the shelters. But the men, who have usually used their family&39; s life savings to get here, are mostly left alone — the conditions they live under are an open secret in the nearby villages.

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美式期权(American option)

投资者以X=50美元卖出看涨期权。以X=60美元买入看涨期权。此两项期权基于同一股票,并有着相同的到期日。一看涨期权的期权价格为3美元。另一看涨期权的期权价格为9美元。 a.画出在到期日时的此项策略的收益图。 b.画出此项策略的利润图。 c.此项策略的收支平衡点是多少?投资者在股市买空还是卖空?

看涨期权的时间价值是多少?

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