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NEW QUESTION: 1
You've moved a registered logging device out of one ADOM and into a new ADOM. What happens when you rebuild the new ADOM database?
A. FortiAnalyzer migrates analytics logs to the new ADOM.
B. FortiAnalyzer removes logs from the old ADOM.
C. FortiAnalyzer migrates archive logs to the new ADOM.
D. FortiAnalyzer resets the disk quota of the new ADOM to default.
Answer: A
NEW QUESTION: 2
Which of the following statements are true:
I. For a delta neutral portfolio, gamma and theta carry opposite signs
II. The sum of the absolute value of gamma for a call and a put for the same option is 1 III. A large positive gamma is desirable in a delta neutral portfolio IV. A trader needs at least two separate tradeable options to simultaneously make a portfolio both gamma and vega neutral
A. I and II
B. III and IV
C. II and IV
D. I, III and IV
Answer: D
Explanation:
Explanation
Statement I is true. Consider the Black Scholes PDE 202.23.e1
and substitute delta = 0 (as this is a delta neutral portfolio), and we get the result 202.23.e.
Since r is generally small, and and S are positive, theta will be negative when gamma is positive and vice versa.
Statement II is incorrect. The gamma of a call and a put are equal and do not add to 1. The relationship described applies to delta, and not gamma.
Statement III is correct because positive gamma means that the portfolio gains both from an increase and a decrease in the value of the underlying, given delta neutrality. (Generally, a positive gamma is a good thing, but like everything else, it does not come free. A trader can choose to keep their portfolio gamma positive, but in doing so he or she would be giving up premiums from options they would have sold to neutralize the gamma.) Statement IV is correct because the only way to hedge gamma and vega is through other options positions as only options have gamma and vega. If only one tradeable option is available, it would be possible to hedge either the gamma or the vega, but not both, as achieving neutrality in one will upset the neutrality of the other.
The only way to simultaneously hedge the two would be to use two different options on the underlying, and determine the number of options to be traded (using a system of simultaneous equations).
NEW QUESTION: 3
QoS can provide different quality of service according to different demands, which of the following are functions of QoS? (Choose three.)
A. Specifying priority of packets
B. Providing private bandwidth for users
C. Reducing cost of the network
D. Congestion management and avoidance
Answer: A,B,D
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