Trading Strategies and Exotic Options
Free GARP FRM Part I lesson in Financial Markets and Products. 19 min read, ~2,904 words.
Covered call (long stock + short call): caps upside, generates income, partial downside cushion equal to the call premium received. Protective put (long stock + long put): synthetic long call. Floors loss at; upside is uncapped. Bull call spread (long low-K call + short high-K call): caps both sides; cheaper...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
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