Options Strategies
Free CFA Level III: Private Markets 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...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- options strategies
Browse all free CFA L3 Private Markets lessons or jump into free CFA L3 Private Markets practice questions.