周教授CFA金融课程：2019 CFA Level II Derivative Investments

STUDY SESSION 14 Derivative

This study session introduces key valuation concepts and models for forward com- mitments (forwards, futures, swaps) and contingent claims (options). Option cov- erage includes the “Greeks,” which measure the effects on value of small changes in underlying asset value, time, volatility, and the risk-free rate. Coverage of common derivatives strategies and their investment objectives follows. Strategies include synthetic position exposure, covered calls and protective puts, bull and bear spreads, and collars and straddles.

READING ASSIGNMENTS

Reading 39 Pricing and Valuation of Forward Commitments

Reading 40 Valuation of Contingent Claims

Reading 41 Derivatives Strategies

Derivative Investments 衍生工具投资