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 __________.
Shares of stock for a discount.
Shares of stock for wholesale.
Shares of stock in bulk.
Question 2 of 9
What % of Options contracts are closed before expiration?
Question 3 of 9
If you're thinking about buying a put option on the S&P 500, then the trend direction should be?
Question 4 of 9
What's the Break-Even price for a $170 call expiring Aug 19th with a $114 premium?
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?
I'll break even.
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 __________.
Buying a Call + Selling a Higher Call w/Higher Strike
Buying a Call + Buying a Call w/Higher Strike
Buying a Call + Buying a Higher Put w/Higher Strike
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?
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?
Question 9 of 9
When you buy a long Iron Condor you're basically buying _____.
2 Long/Bullish verticals
2 Inverse verticals