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    FRM part II Nov 2013 result released!!!!!!!!!!!!!!!!

    Hi , I passed the exam too ....well i have a wide deviation though section wise. Credit (1), Op (1) , Mk (2), current issues(2), Risk and Investment (4 !!!)
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    Doubts- FRM P2

    @djh2121: I guess your explanation went beyond the theoretical concepts covered in FRM. Great ! . Well , for exam purpose , I think that given a choice which option is undervalued, I could choose the deep OTM Put or deep ITM Call (in case of equity option) and ITM/OTM Call / Put for currency...
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    Doubts- FRM P2

    Thanks Shakti. I have a doubt with regards to # 1. My understanding is that, because of the implied volatility, the OTM/ITM currency options are actually undervalued. The BSM predicts a Implied Vol of Straight line where as in the reality we have the smile or smirk. So does not that mean that...
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    Doubts- FRM P2

    Hi David, Hope you are doing good. Below are few questions which I want to clarify. 1. Based on the Implied Volatility, the OTM Put or ITM Call is undervalued. ( I am assuming the regular left skewed Volatility Smile in this regards). Please correct if I am wrong. 2. Which Option has the...
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    Shortcut to forward rates (if you have bond prices)

    Hi David.... I am a P2 candidate for this Nov 16th exam. I have a few questions : 1. Do you have any video or readings w.r.t Flash Crash and the probable causes . 2. Will you publish some last minute suggestions and practice questions . 3. I have a few questions in Schwesar (FRM qs) and...
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    P2.T6.332. Incremental and marginal credit value adjustment (CVA)

    Hi David / Suzzane, I am paid member since Aug 15th 2013. Going by what is mentioned in the website, it seems that the Daily Questions are periodically consolidated in the study planner. I can see some of the operational risk related Practice Questions pdf already. So i am not following Daily...
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