CFA Level 2 Derivatives
What you’ll learn
Pricing and Valuation of Forward Contracts
Pricing and Valuation of Swap Contracts
Valuation of Contingent Claims (Binomial Option Pricing Model)
Valuation of Contingent Claims (Black-Scholes-Merton Model)
Valuation of Contingent Claims (Black-76 Model)
Option Greeks and Implied Volatility
Delta Hedging the Portfolio
Requirements
You are a CFA Level 2 exam candidate (or have passed the CFA Level 1 exam)
Basic understanding of what derivatives are (forwards, futures, swap and option contracts)
Description
Prepare for the CFA Level 2 exam in 2022 with 100% confidence! The course covers the Derivatives syllabus in detail so you will have a complete understanding when tackling this section in the exam.Derivatives is one of the most feared section in CFA Level 2 exam as exam candidates are known well verse with forwards, futures, swaps and options. When coupled with complex notations in the curriculum, it is difficult for candidates for wade through the content. This course simplifies everything and makes understanding derivatives easier than ever. Once you have gone through all the videos, you will have confidence to tackle Derivatives questions in the CFA Level 2 exam.After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.AFTER GOING THROUGH THIS COURSE, YOU DO NOT HAVE TO STUDY FROM THE TEXTBOOK ANYMORE (OR ANY OTHER SOURCE)!Exam Weight: 5% – 10%Syllabus:Pricing and Valuation of Forward CommitmentsValuation of Contingent ClaimsWhat you will get by buying this course is:detailed coverage of the syllabus, taught by our seasoned instructors of the CFA Program.support in the Q&A forum (course-related questions) from our instructors.the confidence to nail this topic in the exam!
Overview
Section 1: Pricing and Valuation of Forward Commitments
Lecture 1 Study Notes
Lecture 2 What is a Forward Commitment?
Lecture 3 Pricing Forward Contracts under a No-Arbitrage Assumption
Lecture 4 Example 1: Pricing Forward Contracts under a No-Arbitrage Assumption
Lecture 5 Arbitrage Profit for Mispricing in Forward Contracts
Lecture 6 Value of a Forward Contract during the Life of the Contract
Lecture 7 Carry Arbitrage when Underlying has Cash Flows
Lecture 8 Equity Forward and Futures Contracts
Lecture 9 Forward Rate Agreements (FRA) – Introduction
Lecture 10 FRA – Calculating the Payoff at Expiration
Lecture 11 Pricing the Forward Rate Agreement (FRA)
Lecture 12 Valuing the Forward Rate Agreement (FRA)
Lecture 13 Fixed-Income Forward and Futures Contracts
Lecture 14 Currency Forward and Futures Contracts
Lecture 15 Swap Contracts
Lecture 16 Pricing Interest Rate Swaps (IRS)
Lecture 17 Valuing Interest Rate Swaps (IRS)
Lecture 18 Currency Swap Contracts: Pricing and Valuation
Lecture 19 Currency Swap Contracts: Valuation
Lecture 20 Equity Swap Contracts: Pricing and Valuation
Section 2: Valuation of Contingent Claims
Lecture 21 Study Notes
Lecture 22 Introduction
Lecture 23 One-Period Binomial Model & No-arbitrage Approach
Lecture 24 Expectations Approach
Lecture 25 Two-Period Binomial Model
Lecture 26 Two-Period Binomial Model: Example using Shortcut Method
Lecture 27 Two-Period Binomial Model for an American-Style Put Option
Lecture 28 Two-Period Binomial Model for an American-Style Call Option with Dividends
Lecture 29 Pricing Interest Rate Options using Binomial Model
Lecture 30 Multiperiod Model
Lecture 31 Assumptions of the BSM Model
Lecture 32 BSM Model
Lecture 33 BSM Model with Carry Benefit
Lecture 34 Foreign Exchange Options: What’s the Carry Benefit?
Lecture 35 Black Option Valuation Model
Lecture 36 Black Model: Interest Rate Options
Lecture 37 Black Model: Swaption
Lecture 38 Option Greeks: Delta
Lecture 39 Forecasting Changes in Option Prices using Option Delta
Lecture 40 Option Greeks: Gamma
Lecture 41 Option Greeks: Theta
Lecture 42 Option Greeks: Vega
Lecture 43 Option Greeks: Rho
Lecture 44 Implied Volatility
Those who are taking the CFA Level 2 Exam in 2022,Those who wants to learn how to price and value forward, futures, swap, and option contracts
Course Information:
Udemy | English | 5h 11m | 1.71 GB
Created by: ProfEd Academy
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