标题: cfa L3 关于concentrated single asset的问题 [打印本页] 作者: 面具的惊奇 时间: 2014-4-26 13:25 标题: cfa L3 关于concentrated single asset的问题
原版书vol2 reading13 p353 example5这道题中，''stock options increased in value by10million above the strike price of the collar"这里我不太明白，collar不是有两个strike price吗？这里above的是哪个？然后解答部分说这10million在stock option上算ordinary income，但在collar上却是loss，我不明白为什么collar会损失呢？作者: cpaking23 时间: 2014-5-6 05:33
when your option is in the money, your underlying must be in the opposite color, which is why they say it is a loss. But overall your option should be able to hedge it.
