NISM Series 8 (NISM VIII): Equity Derivatives Certification Exam Notes

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  • Option Greeks: Delta, Gamma, Theta, Vega, Rho measure option price sensitivities.
  • Moneyness: Describes option’s ITM, ATM, or OTM status based on spot price.
  • Time Decay: Option value decreases as expiry approaches, especially for OTM options.
  • Volatility Impact: Higher volatility increases option premiums, especially for OTM options.
  • Interest Rates: Affect call and put options differently based on funding costs.

NISM Equity Derivatives

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