Chapter 15 (ST6) & JC Hull Chapter22

Discussion in 'SP6' started by billrichie, Sep 5, 2010.

  1. billrichie

    billrichie Member

    In Sec 6.5 of Chapter 15 of ST6(2010 notes) it is mentioned Short Option as always an asset and a long option as always a liability while JC HULL Chapter 22 sec 22.7 mentions it the other way round . JC Hull is the correct one on this , should not there be a correction in the ST6 Notes ? or may be I am missing something ? Clarify
     
    billrichie, Sep 5, 2010
    #1
  2. Elroy

    Elroy Member

    Yeah.. that one got me thinking for a bit too.. Obviously a mistake. (or we're both idiots!)

    I think it's understandable that this course is a bit flakier than others, due to its low take up rate. Email them.
     
    Last edited by a moderator: Sep 8, 2010
    Elroy, Sep 8, 2010
    #2
  3. Mike Lewry

    Mike Lewry Member

    Sorry, this was an error of ours. It should have been raised as a correction somewhere, but I can't find a link to it now :confused: .

    It's been corrected for next year's course by swapping the "Always an asset" and "Always a liability" in the table and correcting the sentence underneath to "For derivatives that are always a liability, no adjustment is necessary, ..."
     
    Mike Lewry, Sep 9, 2010
    #3
  4. billrichie

    billrichie Member


    Thanks a lot .
     
    billrichie, Sep 9, 2010
    #4

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