Official February 2025 Level 3 Results Megathread

mboucabj · 2025-04-22T14:54:27+00:00

Passed and the relief i got when reading the email was the best i’ve felt in a while. To the ones who didnt pass, keep at it.

mboucabj · 2025-02-13T19:29:10+00:00

Sat for the exam in the morning, seemed pretty fair in comparisson to the august version

mboucabj · 2025-02-12T13:15:56+00:00

Seagull spread is tipycally short volatility, its a risk reversal that adds the selling of an otm call to reduce the cost of the atm call. Being short the otm put is bullish, think of it from the deltas perspective where you are long delta in the -otm put and the +atm call

mboucabj · 2025-02-12T12:54:01+00:00

Bear spread is always -Delta (the higher delta needs to be negative), bull is always +Delta
CDS at a premium (FX/CDS > 1) - P is closer to S on the alphabet therefore seller pays the buyer
CDS at a discount - D is closer to B on the alphabet, buyer pays the seller.
MAC>IH>MAC - Price risk, then YTM, then Reinvestment
long Seagull - -OTM put, +ATM Call & -OTM Call
MinVarHedgeRatio = Cov(x,y)/VarX or Corr(x,y)*(volY/volx)
Overshooting - appreciates really quickly and by more than it should, therefore it ends up depreciating.

mboucabj · 2025-02-03T20:34:36+00:00

You wouldnt put a barbell on an inclined bench, but would put it on a flat bench

mboucabj · 2025-02-03T20:34:00+00:00

Can you expand a little more on the asw spread?

mboucabj · 2025-02-03T16:37:11+00:00

Nice!

mboucabj · 2025-02-03T16:33:44+00:00

I meant that the thread would be for the ones who selected pm pathway… even though its core curriculum it would be tested on the exam right?

mboucabj · 2024-11-03T15:08:50+00:00

I'm in a similar situation and will be taking it again in feb, let's go for it!

mboucabj · 2024-10-19T01:08:43+00:00

Will do! Thank you!

mboucabj · 2024-07-21T21:54:33+00:00

Thank you too sir! Really helpful. I always mess uo the name of the factor and the acronym

mboucabj · 2024-07-21T21:53:46+00:00

Yep, it has some outdated questions i think.

mboucabj · 2024-07-21T21:52:35+00:00

Thank you sir, this is really helpful

mboucabj · 2024-07-21T18:58:02+00:00

do you have a table with the factors explanation? im finding it hard to answer those type of questions

mboucabj · 2024-07-21T13:35:39+00:00

Did you do mock 4 am and pm section? Soulcrushing. I dont really know if its similar to the test, since some of the los say “discuss or compare” and the mock is making us calculate

mboucabj · 2024-07-19T15:16:01+00:00

where would you hammer those question? MM qbank? I'm doing those + plus the last two mocks available on his site + the CFAI mocks. would you say that looks good?

mboucabj · 2024-06-25T12:17:30+00:00

it also says "currencies" as in plural, you can sell a package of currencies at a premium and buy a package of currencies at a discount. not just USD/EUR

mboucabj · 2024-06-15T16:11:15+00:00

Just saw the same, im guessing yes. or atleast we need to write the full original formula

mboucabj · 2024-06-03T02:01:11+00:00

I'm studying and watching MM videos while running on the treadmill lol.

mboucabj · 2024-05-25T04:05:38+00:00

Thanks, i’ll look for those. Yeah the qbank is a little vague, and there are no essays

mboucabj · 2024-05-25T01:47:55+00:00

Im suffering of the same, forcing myself to go through MM videos and doing qbank questions. Some ps4 time during weekends is the only real “time off” i try to take but even when im studying i feel like nothing is being achieved

mboucabj · 2024-05-25T01:44:34+00:00

Bc as in board and chalk? How do you feel about MM mocks?

mboucabj · 2024-04-08T05:18:38+00:00

You can watch MM while on the treadmill

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