1
Q
Options definition
A
A contract between 2 persons, a buyer and seller
2
Q
Buy, Long
-Calls
A
-Right to buy stock at a specified price/time
-Bullish
3
Q
Buy, Long
-Puts
A
-Right to sell stock at a specified price/time
-Bearish
4
Q
Sell, Write, Short
-Calls
A
-Obligation to sell stock at a specified price/time
-Bearish
5
Q
Sell, Write, Short
-Puts
A
-Obligation to buy stock at specified price/time
-Bullish
6
Q
American style options
A
Exercise at any time
7
Q
European options
A
Exercise only on expiration
8
Q
Where are Futures traded?
A
On the Exchange
9
Q
Why do consumers buy futures?
A
To lock in cost
10
Q
Why do producers sell futures?
A
To lock in price
11
Q
Forward Contracts are similar to futures except?
A
They are non-standarized
Series 65 - Test Geek Notes
flashcards
Decks in class (11)
# Cards
-
Unit 3 - Client Recommendations & Investment Strategies64
-
Broker / Dealer Acts and Regulations6
-
Agents Acts and Regulations5
-
Investment Advisers (IA) Acts and Regulations7
-
Investment Adviser Representative Acts and Regulations (IAR)4
-
Registration requirements (Under U.S.A)10
-
Types of Pooled Investments8
-
Financial Reporting5
-
Derivatives11
-
Insurance-Based Products16
-
Portfolio Styles6
