Series 65 Quiz 39 Options Pt 6

Series 65 Exam Lesson 39 Quiz options pt. 6

This is a Series 65 Exam Lesson 39 Options pt 6: a free quiz for Series 65 Exam Lesson 39 Quiz which is covering Options part 6 . Try it and see how you do if you need help listen the lesson over.

Series 65 Exam Lesson 39 Quiz options pt. 6

Series 65 Exam Lesson 39 Quiz options pt. 6 covering more option strategies you need to understand for the Series 7 Exam

Below are questions based on the lesson 39  of the series. Choose the letter of the correct answer.

Series 65 Exam Lesson 39 Quiz options pt. 6

1. It is the writing of two calls on the same stock.
A. ratio strategy
B. spread
C. straddle
D. strangle

2. In a ratio strategy, there is an unlimited potential loss on the upside.
A. True
B. False

3. It is the largest options exchange and where options in the United States are traded for the most part.
A. American Stock Exchange
B. Chicago Board Options Exchange
C. Pacific Stock Exchange
D. Philadelphia Stock Exchange

4. It is the subsidiary of Chicago Board Options Exchange where option contracts are cleared.
A. Chicago Options Clearing Company
B. Chicago Stocks and Options Clearing Company
C. Options Clearance Conglomerate
D. Options Clearing Corporation

5. The Chicago Board Options Exchange only issues new options near where the stock is trading at.
A. True
B. False

6. Which of the following are possible strike prices on options for a stock that trades at $300?
A. $260, $280, $300, $320, $340
B. $280, $290, $300, $310, $320
C. $290, $295, $300, $305, $310
D. $295, $297.50, $300, $302.50, $305

7. The minimum increment on option is ___.
A. $0.10
B. $0.25
C. $0.50
D. $1.00

8. Options expire at ___ on the third Friday of the expiration month.
A. 11:59 A.M.
B. 12:00 A.M.
C. 11:59 P.M.
D. 12:00 P.M.

9. This is the price at which you can buy or sell the stock when the stock’s option has already expired.
A. execution price

B. exercise price
C. spot price
D. strike price

10. Specific stocks have specific cycles or months that they trade on.
A. True
B. False

11. An option issued on Cycle ___ is issued only on the months of ___, April, July, and October.
A. 1; January
B. 2; February
C. 3; March
D. 4; January

12. The higher the volatility of the stock, the lower the premium for the time value of its option.
A. True
B. False

13. If you exercise your call option on a Wednesday, you’ll get your stock on ___.
A. Friday
B. Monday
C. Thursday
D. Wednesday – that same day

14. It is a limit on the number of contracts that an individual or a group of individuals acting in concert can acquire.

A. contract limit
B. open interest limit
C. option limit
D. position limit

15. There is a limit on the number of contracts that can be exercised within any five business days.
A. True
B. False

16. Option contracts are NOT adjusted for ___.
A. cash dividends
B. stock splits
C. stock dividends
D. Option contracts are adjusted in all of the above.

17. You hold an option contract for a stock with a strike price of $80 a share for 100 shares. If the stock did a 2 for 1 stock split, then ___.
A. your option would now be for 100 shares with a strike price of $160
B. your option would now be for 200 shares with a strike price of $40
C. your option would now be for 50 shares with a strike price of $80
D. your option would not be affected by the stock split

18. LEAPS are options with terms longer than ___ and have a maximum life of ___.
A. six months; 24 months
B. seven months; 30 months

C. nine months; 36 months
D. 12 months; 48 months

19. On a given day, there are 35,000 puts traded and 50,000 calls traded. What is the put-call ratio?
A. 0.07
B. 0.70
C. 0.85
D. 1.43

20. All of the following foreign currencies are traded in a contract size of 10,000 units of the local currency EXCEPT ___.
A. Australian Dollar
B. British Pound
C. Japanese Yen
D. Swiss Franc

 

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Series 65 vs Series 66 Exam

The Series 65 exam is designed for those who do not have a Series 7 license. The content of both exams are similar though the Series 65 will be more heavily concentrated on Investment products and economics (like you would need to learn for the SIE and Series 7 Exam). … The Series 66 exam has a little more State law (such as what you will find in the Series 63 Exam) and some esoteric investment products.

Our audio lessons for both the Series 65 and Series 66 cover the material you would need to learn for the SIE and Series 7 exam so it may be a little more than you need for the Series 66 but we want you to be fully prepared!

The only difference between the two series of exam lessons (the 65 and 66) is that the Series 66 exam also covers the material needed for the Series 63 exam.

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