[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-031":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-115-1-031","115-1",31,"小明看好未來 1 個月長期公債期貨價格的走勢，決定買進履約價格為 87 並賣出履約價格為 93 之利率期貨買權，權利金分別是 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＋6","－C1＋C2＋6",3,"選擇權基本概念與交易策略",1,"買進低履約價買權(87,付出C1)、賣出高履約價買權(93,收取C2),為多頭買權價差,適合溫和看漲。標的漲過93之後兩腿皆被履約,獲利即封頂:最大獲利＝履約價差−淨權利金支出＝(93−87)−(C1−C2)＝−C1＋C2＋6,故選(D)。(A)將兩筆權利金相加,誤把收取的C2也當成支出;(B)僅為淨權利金支出,漏掉6點的履約價差;(C)符號相反,支出的C1應為負項、收取的C2應為正項,皆不符多頭買權價差的損益結構。","hard",[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：",37,1787293966423]