Options & Greeks Quick-Fire
Put-call parity, payoffs, delta-hedging and the Greeks the options quick-fire that opens quant-trading and market-making technicals.
The scenario
You're in the technical round for an options-trading seat. The interviewer fires short option questions and expects fast, correct, well-reasoned answers: solve parity, price a spread, size a delta hedge, and know which way every Greek points. No calculator, no fumbling.
Where this shows up
Strike-and-premium arithmetic (breakeven, max profit/loss, put-call parity) plus Greeks intuition is the core of options-trading technical rounds Akuna's Options 101 funnel and SIG's onsite are the canonical examples.
Firms such as Akuna, SIG, Citadel Securities.
DeskPrep is not affiliated with, endorsed by, or sponsored by any named firm. Firm names are used for illustrative, educational purposes only and do not imply that these materials are official assessments of, or are connected with, those firms.
The drill
Work each one through. Numeric answers are graded to a small tolerance. Where a rule of thumb is named in the question, use it.
Sample question
A stock trades at S = 52. The 50-strike European put costs 3.80, r = 4.5%, T = 0.25 years. Using put-call parity (C − P = S − K·e^(−rT)), what is the 50-strike call worth?
Included with the Quant pack
The full graded drill is part of the Quant Research & Quant Trading pack a one-time purchase unlocks every concept, coding guide, interview playbook and take-home in this track.
already purchased? sign in →