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I was reading this and I was also wondering why the assets are used to calculate the SAR. But given this answer I think I'll just have to memorize to use the assets.

Gamma is greatest approximately at-the-money (ATM). if you remember gamma is the rate of change of delta. Delta would be changing most when the volatility is highest. Volatility is highest ATM QED Gamma is highest ATM

there is no sectional cutoff... that being said... it would be extremely difficult to pass if you score very badly on a single topic.

No problem. Not doubting your effort. Just trying to plan my study a bit more efficiently. (i.e. trying not to be caught off guard by a lot of new readings)

are the readings that are available for the topics: Operational & Integrated Risk Management Risk Management & Investment Management Current Issues in Financial Markets all that are going to be published? It seems a bit thin compared to credit and market risk, which might be legit. Just want to...

seems to be a rounding error in excel (or actually lack of rounding) the value after shock is 105.635031133000 minus 105.62 (as per given in the question) will give you 0.015031133. However in the excel sheet the 105.620 was calculated not set as a constant (and thus there was more precision...

mistake is still in the pdf. Also i'm noticing that the calculation doesn't seem to be correct either. (i.e. i'm getting 150.31) just a small difference.

It even varies within a company. For example, I seen examples where it was highly regarded within one risk department but not highly regarded in a different risk department (but did show a clear interest in the subject, which is also a plus). But let's be honest. Don't expect too much from the...

For long term career I would opt for something I like to call "non-hybrid" i.e. a master in a core subject: economics, finance, math, computer science, physics" etc... rather than something like "master in business math and information sciences" or "Business Informatics" (no studies across...

try to get a fundamental understanding of statistics and hypothesis testing. Once that penny lands it's easy to apply the knowledge to any distribution type. i.e. just try to really understand the standard normal distribution and how to calculate with it.... after that it's easy to use other...

The Focus Review Videos are also in the Professional package. That's probably a really good recap at the end of your studying period (I know it certainly refreshed my mind the few weeks before the exam)

you are correct, I wrote 'essay' because the first post referred to "a essay-like paragraphs" Thanks for the vote of confidence... i'll just focus on the FRM part II for now... I'll have to pass that bridge later anyway. as for the background. It's all Been One streak of interesting...

go with your gut... you already passed part 1. I'm up for part 2 myself too... I tried to do it without the readings, but i really felt i needed the books as a reference. The notes are my primary source of info, but i did feel that i really needed to have the readings, especially when some...

I'm getting ready for part 2 now, but I'm already wondering a bit about this cv check. I got into finance from a very different angle than most people. I majored in both computer science and psychology, however have been working in most of the major areas of finance (on the software side in...

passed, 2,1,1,2. Will have to put more effort into it for level 2.

An option strategy when you expect little volatility... answer is indeed short straddle. If you remember correctly, a straddle will be in the money when there is a large movement either up or down... Thus a straddle will have a lot of value when the volatility is high... the inverse will be...

gosh... wouldn't know what question where and when... you have a good memory.

thinking like that you can reason any direction. anyway. i don't know what the correct answer is.

http://www.investopedia.com/terms/j/jensensmeasure.asp jensen's alpha need the expected market return to calculate. Which is the market index.

strictly spoken, both treynor and sharp do not use a market index. either can be correct. but there was something in the question.