Derivatives & Risk quant interview questions

Derivatives and risk questions appear in options trading, structuring and quant research interviews. Expect put–call parity, no-arbitrage bounds, forward pricing, Black–Scholes intuition, the option Greeks, hedging, duration and Value-at-Risk. Interviewers want to see that you understand why a price must hold, not just the formula: what delta means for a hedge, how gamma and theta trade off, and how volatility changes an option's value. The problems below range from parity and forward pricing to hedging and risk questions with follow-ups. Free problems include hints and worked solutions. To build intuition, open the Greeks Visualizer and drag spot, volatility and time to expiry to see how price, delta, gamma, vega and theta respond, then return to the problems with that picture in mind.