[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-futures_prac-115-2-027":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-115-2-027","115-2",27,"有一位投資者買入一支股票，一股報價 48 美元，他做了一掩護性買權策略，賣出該股的買權，得到一股權利金 1.9 美元，而其履約價在 50 美元。假如該股價到期時的價格介於 45 美元與 54美元之間，請問這一掩護性買權，每股最低與最高的利潤為例？",[13,14,15,16],"最低 1.1 美元損失，最高 1.9 美元獲利","最低 1.1 美元損失，最高 3.9 美元獲利","最低 1.1 美元獲利，最高 3.9 美元獲利","最低 1.9 美元獲利，最高 3.9 美元獲利",1,"選擇權基本概念與交易策略","掩護性買權是持有股票並賣出買權。買股成本 48，收取權利金 1.9，淨成本 46.1。到期股價 45 時，股票虧 3，買權未被履約、權利金 1.9 全留，合計－3＋1.9＝－1.1，是區間內最差結果，即損失 1.1。到期股價漲到 50 以上（含 54）時，股票被以履約價 50 賣出，獲利＝50－48＋1.9＝3.9，再往上漲也不會增加，是區間內最佳結果。故最低損失 1.1、最高獲利 3.9，答案為 (B)。(A) 上限誤植為權利金本身，(C)(D) 把區間下緣的虧損誤判成獲利。","medium",[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：",37,1785904151987]