[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-futures_prac-115-2-026":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c5",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":17,"explanation":19,"difficulty":20},"futures_prac-115-2-026","115-2",26,"由於小明看空未來 1 個月長期公債期貨價格的走勢，決定買進履約價格為 100 並賣出履約價格為96 之利率期貨買權，價格分別是 C1 與 C2，請問其最大可能執行獲利為：",[13,14,15,16],"C1＋C2","－C1＋C2","－C1＋C2＋4","－C1＋C2－4",1,"選擇權基本概念與交易策略","小明看空公債期貨，買進履約價 100 的買權付出 C1、賣出履約價 96 的買權收取 C2，屬買權空頭價差。履約價較低的買權比較值錢，故 C2 大於 C1，建倉時淨收取權利金 C2－C1。若後市如預期下跌，到期時期貨價格低於 96，兩個買權都不會被履約，收到的淨權利金全數落袋，即為最大獲利－C1＋C2，故 (B) 正確。(A) 把兩筆權利金相加，忽略買進那一腿是支出。(C)(D) 多算的 4 點是兩個履約價的差距，那是計算本策略最大損失時才會用到的數字。","hard",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"futures_prac-114-3-014","多頭垂直價差策略適用於預期標的物：",14,{"id":27,"question":28,"qno":29},"futures_prac-114-3-015","買入 6 月份 S&P500 期貨 1,380 買權，賣出 9 月份 S&P500 期貨 1,390 買權，此為：",15,{"id":31,"question":32,"qno":33},"futures_prac-114-3-016","期權委託，在下單時除須註明商品種類、月份、履約價格、買權或賣權外，下列何者說明是必要的？",16,{"id":35,"question":36,"qno":37},"futures_prac-114-3-017","若投資人預期美國聯邦準備理事會近期的未來，仍要引導市場利率上升，投資人想要執行投機性交易，投資人應進行以下何種策略最適合？",17,{"id":39,"question":40,"qno":41},"futures_prac-114-3-018","關於賣出買權(writing a call option)和買進賣權(buying a put option)的描述,下列哪項是正確的？",18,{"id":43,"question":44,"qno":45},"futures_prac-114-3-037","認為標的物之市價下跌機會較大，則應：",37,1785904151974]