NISM Series XIII Common Derivatives Certification Exam Notes
Page 48 Of 303
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Volatility Impact: High volatility benefits straddle/strangle buyers.
Margin Requirements: Higher for option sellers due to unlimited risk.
Break-Even Points: Specific price levels where strategies yield zero profit/loss.
Risk Management: Strategies like collars limit both upside and downside.
Market Sentiment: Open interest and put-call ratio guide trading decisions.
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