- 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
If you buy or sell stock, you are changing ______ of your portfolio.
B. the delta but not the gamma
C. the gamma but not the delta
A. both the delta and gamma
B. the delta but not the gamma
C. the gamma but not the delta
Correct Answer: B
Stock has a positive delta but zero gamma.
User Contributed Comments 0
You need to log in first to add your comment.