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Other
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Professional Development
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Practice Problem
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Easy
Jessica Ramos
Used 57+ times
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20 questions
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1.
MATH RESPONSE QUESTION
1 min • 5 pts
ENTRY IS 0.53
Exit is 2.62
How much did you make (decimals aren't needed)?
Hint: calculate the difference and don't forget to factor in shares
Mathematical Equivalence
ON
2.
MATH RESPONSE QUESTION
1 min • 5 pts
Entry 0.53
Stop loss is 0.39
How much money did you risk?
Decimals not needed
Mathematical Equivalence
ON
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
You must multiply the premium chart numbers by 100 to get the dollar value of the contract.
TRUE
FALSE
Answer explanation
You are borrowing 100 shares so you must multiply it by that per contract.
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The premium chart will go up when you're in a buy and down when you're in a sell.
TRUE
FALSE
Answer explanation
You always want your premium chart going up. If it's going down, that means your contract is losing value & you're losing money.
5.
REORDER QUESTION
1 min • 5 pts
Reorder the following for entering a trade
Click the ask price
Identify the contract you want to trade
View the spread & IV to make sure it meets your requirements
Submit trade
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
When entering an OCO order, you are entering a stop loss and a take profit for your trade
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
If you have an OCO order in place & want to exit sooner you must:
Go to the trade and close it
Cancel the OCO orders & close the trade
Select the Bid options
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