CFA® L2 — Derivatives
Pricing forwards and futures, swap valuation, option pricing (binomial and Black-Scholes), and the use of derivatives in portfolio management.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 2
- Estimated hours
- 30 hrs
- Chapters
- 1
- Exam body
- CFA Institute
- Cost on Trustner
- Free
Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.
About this course
CFA L2 Derivatives focuses on pricing — forwards, futures, swaps, options. ~5-8% weight. Item sets typically present a derivative position and ask for value at inception, intermediate, and expiry.
Who this is for
- CFA L2 candidates.
- Derivatives traders and risk managers.
- Hedge fund analysts.
What you'll learn
- Forward and futures pricing — cost of carry
- Swap pricing and valuation
- Option pricing — binomial and Black-Scholes-Merton
- Greeks: delta, gamma, vega, theta, rho
- Volatility smile and term structure
Course material — 1 chapters
Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.
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