Series 66 Exam Lesson 39 Quiz Options pt 6

This is a Series 66 Exam Lesson 39 Quiz Options pt 6: a free quiz for Series 66 Exam Lesson 39 Quiz which is covering Options part 6 . Try it and see how you do if you need help listen to the lesson over.

Series 66 Exam Lesson 39 Quiz Options pt 6

This is a Series 66 Exam Lesson 39 Quiz Options pt 6. Try it and see how you do if you need help listen to the lesson over.

Questions covered include

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

We hope you did well on this Series 66 Exam Lesson 39  Quiz Options pt 6

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The Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.

The other possible exam would be the series 65 examination.

The Series 66 exam — the NASAA Uniform Combined State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA.

The exam consists of 100 scored questions. Candidates have 150 minutes to complete the exam. In order for a candidate to pass the Series 66 Exam, he/she must correctly answer at least 73 of the 100 scored questions.

There is no prerequisite for the Series 66 examination. However, the  SIE and the Series 7 examination are co-requisites to the Series 66 Examination.

What is the Series 65 Exam?

The Series 65 is another path to becoming an Investment Advisor Representative (IAR)

Sometimes called the IAR in a box

Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement

The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.

When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The NASAA, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.

Again requisites for this exam are the SIE Exam and the Series 7 Exam Top Off

The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 65.

Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.

Series 66 Exam Free Audio Lesson 13

Series 66 Exam Free Audio Lesson 13 is a lesson for the Series 66 Exam which can lead to the candidate being licensed as an Investment Advisor Representative.

The Series 66 Exam consists of 100 questions. When taking the Series 66 to join an RIA firm as a IAR, candidates must complete the exam within 150 minutes. A passing score is 73%, which translates to correctly answering 73 of the 100 scored questions. The Financial Industry Regulatory Authority, which administers the exam, does not release Series 66 pass rates. But this is a TOUGH exam, many people do not pass on the first try.

The test covers financial industry regulation, securities law, ethics, investments and economics. All these topics factor into a financial advisor’s day-to-day work. Most candidates devote considerable time to studying for the Series 66.

The other possible exam path to become a IAR would be the series 65 examination.

What is the Series 65 Exam?

Unlike the Series 66 Exam the Series 65 exam does not have the Series 7 Requirement

The Series 65 unlike broker-dealer exams (think the Series 7 Exam) the Series 65 Exam requires no company sponsor.

Different States have different requirements in become an Investment Advisor Representative (IAR) so check your states department of securities licensing to find out its requirements.

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 lear