[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-022":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","c5",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-115-1-022","115-1",22,"假設投資人王先生於 12 月到期黃金期貨分別賣出履約價為 10,800、10,750 買權各一單位，同時買入履約價為 10,775 買權二單位，則王先生此項交易策略為何？",[13,14,15,16],"水平價差（Horizontal Spread）","垂直價差（Vertical Spread）","盒狀價差（Box Spread）","蝶狀價差（Butterfly Spread）",3,"選擇權基本概念與交易策略",1,"蝶狀價差的辨識條件是:同一到期月份、三個等距履約價、口數比1:2:1。本題履約價10,750、10,775、10,800間距均為25,賣出兩翼各一單位、買進中間兩單位,正是蝶狀價差(賣兩翼買中間屬反向蝶式),故選(D)。(A)水平價差係履約價相同而到期月份不同,本題三個履約價同為12月到期;(B)垂直價差僅有兩個履約價、兩個部位;(C)盒狀價差須由買權與賣權共四腿(多頭買權價差加空頭賣權價差)組成,本題全為買權,皆不符。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-014","多頭垂直價差策略適用於預期標的物：",14,{"id":28,"question":29,"qno":30},"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":32,"question":33,"qno":34},"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":36,"question":37,"qno":38},"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":40,"question":41,"qno":42},"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":44,"question":45,"qno":46},"futures_prac-114-3-037","認為標的物之市價下跌機會較大，則應：",37,1787293966298]