- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 32. Valuation of Contingent Claims
- Subject 6. Option Greeks and Implied Volatility
CFA Practice Question
The gamma of a short position in one share of stock is ______.
B. 0
C. -1
A. 1
B. 0
C. -1
Correct Answer: B
This is because the delta of a share of stock never changes. It is always 1 (or -1 for a short position).
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