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All posts for the month February, 2023

Short Butterfly Spread

Posted by Bill Campbell III, CFA on February 27, 2023
Posted in: Level II Derivatives, Level III Derivatives.

If you haven’t read the article on option strategies in general, that’s a good place to start, then return here. In particular, if you haven’t read the warning about calculating profit that appears at the end of that article, you should go read it now; the way I’m calculating the profit here is correct, but […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level II Derivatives Membership, CFA® Level II Membership, CFA® Level III Membership, CFA® Level III Derivatives Membership

This will give you access to this and all other articles at that membership level.

Short Strangle

Posted by Bill Campbell III, CFA on February 23, 2023
Posted in: Level II Derivatives, Level III Derivatives.

If you haven’t read the article on option strategies in general, that’s a good place to start, then return here. In particular, if you haven’t read the warning about calculating profit that appears at the end of that article, you should go read it now; the way I’m calculating the profit here is correct, but […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level II Derivatives Membership, CFA® Level II Membership, CFA® Level III Membership, CFA® Level III Derivatives Membership

This will give you access to this and all other articles at that membership level.

Inverse (Short) Straddle

Posted by Bill Campbell III, CFA on February 22, 2023
Posted in: Level II Derivatives, Level III Derivatives.

If you haven’t read the article on option strategies in general, that’s a good place to start, then return here.  In particular, if you haven’t read the warning about calculating profit that appears at the end of that article, you should go read it now; the way I’m calculating the profit here is correct, but […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level II Derivatives Membership, CFA® Level II Membership, CFA® Level III Membership, CFA® Level III Derivatives Membership

This will give you access to this and all other articles at that membership level.

Yield Curve Strategies – General

Posted by Bill Campbell III, CFA on February 10, 2023
Posted in: Level III Fixed Income.

In 2019, CFA Institute revised all of their Level III Fixed Income readings, and, in particular, came up with a 10-page blue box example that was absurdly complex, which I simplified here. That example’s gone.  Fortunately.  (In point of fact, I’m sorry that the idea is gone from the curriculum, because it was interesting and […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level III Fixed Income Membership, CFA® Level III Membership

This will give you access to this and all other articles at that membership level.