NISM Series XIII Common Derivatives Certification Exam Notes

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  • Impact of Spot Price: Increase raises call premium, lowers put premium.
  • Impact of Strike Price: Higher strike price lowers call premium, raises put premium.
  • Volatility: Higher volatility increases both call and put premiums.
  • Time to Expiry: Longer time increases premiums due to higher uncertainty.
  • Interest Rates: Increase raises call premium, lowers put premium.

NISM Common Derivatives

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