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Question 1 of 30
1. Question
1. Advanced option strategies can involve multiple option contracts with different strike prices.
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Question 2 of 30
2. Question
A straddle is considered a bullish option strategy
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Question 3 of 30
3. Question
Which of the following is an example of a straddle?
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Question 4 of 30
4. Question
4. A straddle carries limited risk and limited potential profit.
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Question 5 of 30
5. Question
“Net Debit” is best defined as the following:
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Question 6 of 30
6. Question
The Net Debit on a straddle can also help you calculate what the expected trading range is for a stock.
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Question 7 of 30
7. Question
A strangle involves buying a call and put option with the same expiration and same strike prices.
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Question 8 of 30
8. Question
Which of the following is an example of a strangle?
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Question 9 of 30
9. Question
9. When would be the best time for a trader to place a strangle?
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Question 10 of 30
10. Question
A debit spread involves buying an option with a low premium while simultaneously selling an option with a higher premium.
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Question 11 of 30
11. Question
When would be the best time for a trader to place a debit call spread?
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Question 12 of 30
12. Question
Which of the following is an example of a bull call spread?
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Question 13 of 30
13. Question
13. The following equation is used to calculate which value as it pertains to a bull call spread?
(Premium Paid to Buy Call Option) – (Premium Received from Selling Call Option) = ?CorrectIncorrect -
Question 14 of 30
14. Question
A debit put spread is a neutral sentiment trade.
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Question 15 of 30
15. Question
Which of the following is an example of a bear put spread?
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Question 16 of 30
16. Question
How do you calculate the max profit potential of a bear put spread?
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Question 17 of 30
17. Question
Credit spreads are the opposite of debit spreads.
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Question 18 of 30
18. Question
“Net Credit” is best defined as:
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Question 19 of 30
19. Question
What is another name for a credit put spread?
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Question 20 of 30
20. Question
Which of the following is an example of a credit put spread?
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Question 21 of 30
21. Question
The most a trader can make on a bear call spread is the net credit received from executing the trade.
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Question 22 of 30
22. Question
A credit call spread is considered which type of strategy?
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Question 23 of 30
23. Question
The breakeven price of a bear call spread is calculated (Strike of Call Option Sold) + (Net Credit).
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Question 24 of 30
24. Question
When would be the best time for a trader to place an iron condor?
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Question 25 of 30
25. Question
Max loss occurs for an iron condor when the underlying stock makes a large price change and closes either above both call strikes or below both put strikes.
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Question 26 of 30
26. Question
The width of the credit spreads for an iron condor can vary greatly.
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Question 27 of 30
27. Question
How would the following iron condor trade be presented?
Sell SPY $280 May call
Buy SPY $285 May call
Sell SPY $275 May put
Buy SPY $270 May putCorrectIncorrect -
Question 28 of 30
28. Question
A long condor with calls involves buying call and put option at different strike prices.
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Question 29 of 30
29. Question
The following equation is used to calculate which value of a long condor with calls?
(Width of Spreads) – Net Debit = ?CorrectIncorrect -
Question 30 of 30
30. Question
A short condor with puts profits from sideways price action.
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