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NEW QUESTION: 1

A. Option B
B. Option A
Answer: A
Explanation:
Explanation
References:
http://stackoverflow.com/questions/16081582/difference-between-for-update-of-and-for-update

NEW QUESTION: 2
Which of the following statements are true:
I. Implied volatility refers to volatility estimates made by risk managers for their VaR calculations II. Implied volatility is generally observed to be constant across strikes and expiries, as otherwise we would have riskless arbitrage possible.
III. Volatility smile refers to the shape of the implied volatility curve across different strike prices IV. An option portfolio cannot have negative theta
A. I, II and IV
B. I and III
C. III and IV
D. III
Answer: D
Explanation:
Explanation
Implied volatility is the volatility that is priced in the current market prices. In other words, we know the formula for pricing an option, and we find the value of the volatility for which we get the current market price.
It is the volatility that the market is ascribing to that security. Therefore statement I is not correct.
Implied volatility in the market tends to vary across strikes, even with the same underlying. There is a certain level of demand for out of the money puts, for example, from investors trying to set a floor for their losses. At the same time, there is a natural supply of out of the money calls from investors trying to earn some relatively risk free premiums. These factors cause options with different strikes to be priced in a way as to give different estimates of market volatility at each strike *& resulting in the 'volatility smile'). Therefore statement II is not correct.
The shape of the implied volatility curve is called the 'volatility smile', because of the shape it sometimes takes. Statement III is correct.
Theta is the rate of change of an option's price with the passage of time. It causes the value of the option to decrease over time, such that if it is out of the money and close to expiry, the price of the option approaches zero. Theta is therefore negative by definition. Statement IV is not correct. Remember that theta will be positive for short positions.

NEW QUESTION: 3
What are two methods to subscribe to Cloud Insights? (Choose two.)
A. NetApp Cloud Central
B. NetApp Support Site
C. NetApp Sales
D. AWS Marketplace
Answer: B,C

NEW QUESTION: 4
自動車会社は、ガソリン不足に対応してより燃費の良い自動車を建設するプロジェクトを承認しました。このプロジェクトが主に関係したのは、次の戦略的考慮事項のうちどれですか？
A. 法的要件
B. 戦略的機会
C. 技術の進歩
D. 市場の需要
Answer: D