NISM Series IV: Currency Derivatives Certification Exam Notes

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  • Bull Spread: Buy low strike call, sell high strike call.
  • Bear Spread: Buy high strike put, sell low strike put.
  • Straddle: Buy call and put with same strike and expiry.
  • Strangle: Buy call and put with different strikes, same expiry.
  • Butterfly Spread: Combine bull and bear spreads for limited risk/reward.

NISM Interest Rate Derivatives

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