[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-114-3-011":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c4",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-114-3-011","114-3",11,"在正向市場下，某交易人在 CBOT 市場發現 3 月份和 5 月份的玉米期貨間的價差過大，應該如何交易才能獲利？",[13,14,15,16],"買進 3 月份玉米期貨，賣出 5 月份玉米期貨","賣出 3 月份玉米期貨，買進 5 月份玉米期貨","同時買進 3 月份和 5 月份的玉米期貨","同時賣出 3 月份和 5 月份的玉米期貨",0,"投機性期貨交易與價差交易",1,"正向市場(Contango)下遠月價格高於近月,價差過大代表近月相對偏低、遠月相對偏高,依「買便宜、賣昂貴,等待價差收斂」的價差交易原則,應買進3月份、賣出5月份玉米期貨,故(A)正確。(B)賣近月買遠月方向相反,是預期價差會再擴大時才採用;(C)同時買進兩個月份、(D)同時賣出兩個月份,皆屬同向的投機部位,損益取決於價格漲跌而非價差變化,不構成價差交易。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-012","同上題，此價差交易是何種類？",12,{"id":28,"question":29,"qno":30},"futures_prac-114-3-013","同上題，若此交易人在價差為 12 美分／每英斗作此價差交易，而在價差為 7 美分／每英斗把他的部位做結清，則此交易人的損益為多少？",13,{"id":32,"question":33,"qno":34},"futures_prac-114-3-030","如何利用期貨契約提高系統性風險？",30,{"id":36,"question":37,"qno":38},"futures_prac-114-3-036","分析市場間價差交易時重視的是：",36,{"id":40,"question":41,"qno":42},"futures_prac-114-3-038","兀鷹價差（Condor Spread）交易會使用幾個月份之期貨？",38,{"id":44,"question":45,"qno":46},"futures_prac-115-1-021","假設 6 月份期貨價格對於市場行情的變化較 3 月份期貨敏感，若小華預期未來行情將會轉差，請問他應如何操作價差策略？",21,1787293965480]