Oh yeah I’m sure the approximately 50% of people who fail level 3 out of a pool of ridiculously intelligent people who study probably 400+ hours and a pool that includes a significant number of second and third time retakers would agree that you can definetly assign probabilities to topics being tested.
I’d rather be pissed about knowing too much than pissed about having to know it again in 2016 Keep enjoying your haterade.
Thanks a TON for this adam. I can tell these are notes you made from either getting burned on questions or if your answers was different than the cfa answer, because a lot of these points I remember tripping up on at some point. Very much appreciated.
Vicky - are you putting all these into word? If so, could you post on here / email? I have daughter duty over the next 5 hours as my wife has a work event so I won’t be able to do it. Thanks.
Agree 100%. The way I see it is, if you dont know at least 60-70% of these bullets in some shape, way or form… I’d say you “Keep calm and Chill” over the next two days and expect to do this all over again next year.
Thanks for effort Adam, I too most definitely appreciate these notes!
Agree with the gullwing spread, but 95% of these notes are solid. 5% is way, way in the trees.
My experience with the past AM exams an mock exams is the CFAI always pulls a couple questions that make you say WTF. Who knows, maybe this year it is the gullwing spread. My strategy so far is to give a best guess when this type of question comes up and move on.
I believe Adam just tried giving us details about past exams, which may/may not be helpful, but when I saw that gullwing spread bullet, my immediate reaction was to check if I was missing something. This is not in the option strategies reading. If you know your shiznit, you’d probably recognize that. These are solid notes.
It’s a seagull spread not a Gullwing spread and I’m about 100% certain it’s definetly in the cirriculum and it’s easy to understand. A short seagull spread is a collar plus selling an OTM put
Thanks, I was trying to illustrate a point, but left out the most obvious part. I know what a seagull spread is and perhaps it has been on past exams, but I can’t find it in the 2015 curriculum. More specifically, reading 28. Check out LOS 28.b… Can you tell me where exactly (page wise) you’re seeing this? Maybe it’s another reading, dunno…