CFA Level 1: Derivatives
A comprehensive standalone course covering the full CFA Institute Level 1 Derivatives curriculum. Structured around the official readings — derivative markets and instruments, forward commitments, contingent claims, no-arbitrage pricing principles, and the pricing and valuation of forwards, futures, swaps, and options — the course builds from first principles to applied valuation. Each chapter combines conceptual frameworks with step-by-step BA II Plus calculator walkthroughs, payoff diagram analysis, and exam-style vignettes. Topics include the cost-of-carry model, forward rate agreements, futures margin mechanics, interest rate and currency swaps, put-call parity, option bounds, and the one-period binomial pricing model. No programming required; calculator keystrokes are shown in formatted code blocks throughout. Designed for CFA Level 1 candidates who want to master derivatives as a standalone module before integrating it into full-curriculum review.
- Level: intermediate
- Duration: 6 weeks
- 8 sections
- Price: $20
Topics: CFA Level 1 derivatives, forward contracts, futures contracts, options pricing, swaps, put-call parity, binomial model, cost of carry, no-arbitrage pricing, financial derivatives, derivative valuation, hedging strategies, contingent claims, forward rate agreements, BA II Plus calculator
What's inside
- CFA Level 1: Derivatives
- Chapter 1: Derivative Markets and Instruments — Foundations
- Chapter 2: No-Arbitrage Pricing — Replication and the Cost of Carry Model
- Chapter 3: Forward Contracts and Futures — Pricing, Valuation, and Mechanics
- Chapter 4: Swap Contracts — Structure, Pricing, and Valuation
- Chapter 5: Options — Features, Pricing Factors, and No-Arbitrage Bounds
- Chapter 6: Option Valuation — Binomial Model, Risk-Neutral Pricing, and Synthetic Strategies
- Chapter 7: Mock Exam — CFA Level 1 Derivatives Practice Test