[{"data":1,"prerenderedAt":45},["ShallowReactive",2],{"q-futures_prac-115-1-018":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-115-1-018","115-1",18,"若交易人同時買一個履約價為 100 的期貨買權，賣一個履約價為 140 的期貨買權，則該交易人最大可能損失為：",[13,14,15,16],"兩權利金之和","兩權利金之差","無窮大","選項(A)、(B)、(C)皆非",1,"選擇權基本概念與交易策略","本題買進一口履約價100的買權、同時賣出一口履約價140的買權，兩者同為買權、僅履約價不同，屬於多頭買權垂直價差。因為買進的低履約(100)買權權利金較高、賣出的高履約(140)買權權利金較低，建立部位須淨付兩者權利金之差額，這筆淨支出就是不論標的如何下跌都不會再擴大的最大可能損失，故(B)兩權利金之差正確。(A)兩權利金之和並非淨支出、金額偏高不符;(C)無窮大是單純賣出買權在無避險時才會面臨的風險，本題買進腿已把上檔封住、損失有限。(D)因最大損失明確等於兩權利金之差，並非前三者皆非，故不選(D)。答案為(B)。","medium",[22,26,30,34,38,41],{"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":10},"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？",{"id":42,"question":43,"qno":44},"futures_prac-114-3-037","認為標的物之市價下跌機會較大，則應：",37,1787293966231]