CFA Practice Question

There are 227 practice questions for this study session.

CFA Practice Question

The gamma of a call option takes on its largest value when it is near ______.
A. deep-in-the-money
B. at-the-money
C. deep-out-of-money
Explanation: Options deltas do not change much with small changes in the stock price if the option is either deep-in- or deep-out-of-the-money.

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