题目 Joe Brocato is currently following two stocks in the pharmaceutical industry: ABC and XYZ. He is bullish on ABC, but bearish on XYZ. ABC is currently priced at $53.60 and XYZ is currently [...]
题目 The payoff on a calendar spread is most similar to which of the following option strategies? 选项 A.Bull spread B.Bear spread C.Long straddle D.Butterfly spread 答案 D 解析 A calendar [...]
题目 Suppose you believe that Company A's stock price is going to decline from its current level of $82.50 sometime during the next 5 months. For $510.25 you could buy a 5-month put option giving [...]
题目 The payoff pattern a WRITING A COVERED CALL is most similar to the payoff pattern of: 选项 A.Long put option B.Short put option C.Long forward position D.Short forward position 答案 A [...]
题目 You are looking at two options on a non-dividend paying stock that are identical in all respects except one is a European put and the other is a European call option. If the assumed volatility [...]
题目 All else being equal, which of the following options would cost more than plain-vanilla options that are currently at-the-money?I.Lookback optionsII.Barrier optionsIII.Asian optionsIV.Chooser [...]
题目 Which option combination most closely simulates the economics of a short position in a futures contract? 选项 A.Payoff of a long call plus a short put B.Profit of a long call plus a short [...]
题目 An investor buys a stock for $40 per share and simultaneously sells a call option on the stock with an exercise price of $42 for a premium of $3 per share. Ignoring dividends and transaction [...]
题目 Which of the following barrier put options is best described as a standard put option that ceases to exist if the underlying asset price hits a barrier level, which is set above the current [...]
题目 A butterfly spread can be created by buying a call option with a low strike of X1; buying a call option with a high strike X2 ; and selling two call options with a strike halfway between X1 [...]
