Chapter 14. Trading Strategies Study Notes contain 16 pages covering the following learning objectives:
* Explain the motivation to initiate a covered call or a protective put strategy.
* Describe principal protected notes (PPNs) and explain necessary conditions to create a PPN.
* Describe the use and calculate the payoffs of various spread strategies.
* Describe the use and explain the payoff functions of combination strategies.
After reviewing the notes, you will be able to apply what you learned with practice questions.
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