在FRM一级考试中,是有大量的计算题的,因此考生是有很多的FRM公式需要记忆的,下文是小编列举的相关公式,送给备考的你!
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Gap option: payoff is increased or decreased by the difference between two strike prices. Forward start option: options that begin their existence at some time in the future. Compound option: option on another option.
Chooser option: owner chooses whether option is a call or a put after initiation.
Barrier option: payoff and existence depend on price reaching a certain barrier level.
Binary option: pay either nothing or a fixed amount.
Lookback option: payoff depends on the maximum (call) or minimum (put) value of the underlying asset over the life of the option. This can be fixed or floating, depending on the specification of a strike price.
Asian option: payoff depends on average of the underlying asset price over the life of the option;
less volatile than standard option. Exchange option: exchange one currency with another.
Basket options: options to purchase or sell baskets of securities. These baskets may be defined specifically for the individual investor and may be composed of specific stocks, indices, or currencies.
Option Combination Strategies:
Long straddle: Bet on volatility. Buy a call and a put with the same exercise price and expiration date. Profit is earned if stock price has a large change in either direction.
Strangle'. Similar to straddle except purchased option is out-of-the-money, so it is cheaper to implement. Stock price has to move more to be profitable. Strips and straps: Add an additional put (strip) or call (strap) to a straddle strategy.
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