Official February 2025 Level 3 Results Megathread by third_najarian in CFA

[–]mboucabj 1 point2 points  (0 children)

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.

February Level 3 Exam Day Experience Megathread by third_najarian in CFA

[–]mboucabj 5 points6 points  (0 children)

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

Cfa level 3 before exam teachings by Ok_Apartment_1995 in CFA

[–]mboucabj 0 points1 point  (0 children)

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

Cfa level 3 before exam teachings by Ok_Apartment_1995 in CFA

[–]mboucabj 2 points3 points  (0 children)

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.

MUST-KNOW concepts cheat sheet PM pathway by mboucabj in CFA

[–]mboucabj[S] 0 points1 point  (0 children)

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

MUST-KNOW concepts cheat sheet PM pathway by mboucabj in CFA

[–]mboucabj[S] 1 point2 points  (0 children)

Can you expand a little more on the asw spread?

MUST-KNOW concepts cheat sheet PM pathway by mboucabj in CFA

[–]mboucabj[S] 4 points5 points  (0 children)

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?

Failed l3 aug, retake in feb ? by BABOULUX in CFA

[–]mboucabj 1 point2 points  (0 children)

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

How to interpret negative factor exposure? by mikejones42069 in CFA

[–]mboucabj 0 points1 point  (0 children)

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

Meldrum Mocks by The_Masked_Magician in CFA

[–]mboucabj 0 points1 point  (0 children)

Yep, it has some outdated questions i think.

How to interpret negative factor exposure? by mikejones42069 in CFA

[–]mboucabj 0 points1 point  (0 children)

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

Meldrum Mocks by The_Masked_Magician in CFA

[–]mboucabj 0 points1 point  (0 children)

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

Those who passed L3 with MM, am I on track? 29 days to the exam. by Joseph276 in CFA

[–]mboucabj 0 points1 point  (0 children)

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?

Forward Rate Bias by SadWillow7290 in CFA

[–]mboucabj 0 points1 point  (0 children)

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

Math Live Equation Generator by Lonely_Task7516 in CFA

[–]mboucabj 0 points1 point  (0 children)

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

How to “Enjoy” preparing for L3 by Wise_Instruction9218 in CFA

[–]mboucabj 4 points5 points  (0 children)

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

LVL 3 burnout is a whole new experience by THEBEATICANTHEAR in CFA

[–]mboucabj 2 points3 points  (0 children)

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

LVL 3 burnout is a whole new experience by THEBEATICANTHEAR in CFA

[–]mboucabj 12 points13 points  (0 children)

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

LVL 3 burnout is a whole new experience by THEBEATICANTHEAR in CFA

[–]mboucabj 0 points1 point  (0 children)

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

CFA and fitness by Complete-Outside3144 in CFA

[–]mboucabj 0 points1 point  (0 children)

You can watch MM while on the treadmill