Learn advanced options trading strategies in this 42-minute educational video focusing on key concepts from the CFA® Level III curriculum. Master the intricacies of covered calls, protective puts, and various spread strategies while understanding their investment objectives, structures, and risk profiles. Explore detailed examples of bull spreads, bear spreads, straddles, and collars, including calculations for maximum profit, maximum loss, and breakeven points. Gain practical insights into delta calculations for covered calls and protective puts, comparing them with forward positions. Examine the relationship between call options on short positions and put options on short positions, and discover the strategic applications of calendar spreads. Enhance your derivatives knowledge through comprehensive formula explanations and practical examples that align with CFA® Level III examination requirements.
Options Strategies: Covered Calls, Protective Puts, and Trading Spreads - 2025 CFA Level III
AnalystPrep via YouTube
Overview
Syllabus
Introduction
Covered Call Position
Covered Call Risks
Protective Put Example
Example Exercise
Delta of an Option
Combine Short Put and Short Stock
Total Position Value
Bull Spread
Long Call Option
Bull Spread Example
Bear Spread Example
Put Spread Example
Straddle or Strangle
Long Straddle
Formulas
Example
Calendar Spreads
Conclusion
Taught by
AnalystPrep
