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Hi David, could you please check whether one can solve the question 43 using the PV-function in the calculator? Here is the question: I get an answer 1,011.74 when I use my calculator. Do I made a mistake? I calculate so: N=3; I/Y=2.2/2=1.1; PMT=15; FV=1,000 -> CPT PV = 1,011.74. Here is the...

Hi David, could you please explain the answer in Problem 18.12: Will the trader gain from large movements only with this portfolio (long calls + long puts) or is it a general statement? As I think if I had only long calls position (=positive gamma) I would gain from a large increase in the...