- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 34. Valuation of Contingent Claims
- Subject 6. Option Greeks and Implied Volatility
CFA Practice Question
______ measures the change of option price with respect to the time remaining until expiration.
A. Theta
B. Rho
C. Gamma
Explanation: Theta is the negative of the first derivative of the option price with respect to the time remaining until expiration.
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