Options Strategies
Free CFA Level III: Portfolio Management lesson in Derivatives & Risk Management. 31 min read, ~4,717 words.
Covered call = long stock + short call, caps upside, generates premium income, does NOT hedge downside. Protective put = long stock + long put, sets a floor, preserves unlimited upside, costs the premium. Collar = long stock + long OTM put + short OTM call, floor and cap, can...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- options strategies
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