1. Write down a recent real example of a trading strategy (pick from Backspread, Straddle, Strangle or Butterfly) and calculate Greeks (Delta, Theta, Gamma and Vega). Then talk a little about current market.
2. Make a compelling case for why one of the seven long-term objectives are more important than the others.
3. Recently, Fama and French (2015) introduce the five-factor model. What is the difference in the way the SMB and HML factors are measured in the three-factor model and the five-factor model?