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Limitless Options for Income Workshop

Take this quiz after you watch the LIVE 90min workshop. It's important to test your knowledge.

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Question 1 of 9

Buying an Options contract is like buying  __________.

 

A

Shares of stock for a discount.

B

Shares of stock for wholesale.

C

Shares of stock in bulk.

Question 2 of 9

What % of Options contracts are closed before expiration?

 

A

30%

B

60%

C

90%

D

100%

Question 3 of 9

If you're thinking about buying a put option on the S&P 500, then the trend direction should be?

A

Bearish

B

Bullish

C

Ranging

D

Reversing

Question 4 of 9

What's the Break-Even price for a $170 call expiring Aug 19th with a $114 premium?

 

A

$170.14

B

$171.14

C

$184.40

D

$170.40

Question 5 of 9

If I decided to sell a $170 Apple call and at expiration Apple's price rose to $200, what is the outcome of the trade?

 

A

I'll profit.

B

I'll lose.

C

I'll break even.

D

I'll have a margin call.

Question 6 of 9

When you BUY a vertical because you believe Apple is going up in price you are actually __________.

 

A

Buying a Call + Selling a Higher Call w/Higher Strike

B

Buying a Call + Buying a Call w/Higher Strike

C

Buying a Call + Buying a Higher Put w/Higher Strike

D

Buying a Call + Selling a Put w/Higher Strike

Question 7 of 9

Which non directional Options Strategy is more expensive because of its strike prices?

 

A

Short Verticals

B

Debit Spreads

C

Strangle

D

Straddle

Question 8 of 9

If I buy a $180 straddle on Apple and the option price for each contract is $14.45, what is the Break-Even for the short (bearish) side?

 

 

 

A

$185.55

B

$194.45

C

$165.55

D

$170.55

Question 9 of 9

When you buy a long Iron Condor you're basically buying _____.

 

A

2 Long/Bullish verticals

B

2 Straddles

C

2 Inverse verticals

D

2 Strangles

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