WorksheetsMYBFG Options Final Exam
Total questions: 30
Worksheet time: 19mins
In general, a call option buyer profits when...?
Stock Price Goes up
Stock Price goes Down
Stock Price stays Sideways
Buying a call option is the...?
Right to Buy
Right to Sell
Obligation to buy
Obligation to sell
A option buyer has
Limited Risk
Unlimited Risk
A call option buyer is...?
Bullish
Bearish
A put option buyer is
Bearish
Bullish
An option is a
Financial Contract
Company
Stock
A call option is "In the Money" when...?
Strike Price < Current Market Price
Strike Price = Current Market Price
Strike Price> Current Market Price
An option seller is also called...?
Buyer
Trader
Analyst
Writer
Option Price and Stock Price are the same
True
False
Each Candlestick has how many components
1
2
3
4
Each Technical Chart can be viewed in multiple timeframes
True
False
Options have limited time value
True
False
A put seller has a
Right to buy
Right to sell
Obligation to buy
Obligation to sell
An option chain shows...?
Strike Price
Bid Price
Ask Price
All of the Above
The below person needs to pay only the premium amount to enter an option contract
Option Buyer
Option seller
Price of an option contract keeps on Changing from time to time
True
False
Option contract has
Strike Price
Expiry date
Premium Amount
Underlying Name
All of the above
What is a Bollinger Band?
A technical analysis tool used to track the p/e ratio
A fundamental analysis tool used to track yearly earnings
A technical analysis tool used to track volatility
I don't know
Are options traded after hours?
Yes
No
What is the underlying asset involving stock options?
The contract
The stock itself
The market
I don't know
What is one factor that causes the option contract price to change?
The SEC
the moving average
volatility
none of the above
What is an option spread?
When a contract is in the money
The premium you pay for a contract
The difference between the ask and the bid
Strike price
Why would a trader hedge their contracts?
To make money
To diversify and mitigate risk
To choose a strike price
To determine spread
What is the options multiplier?
500%
A tool to determine strike price
100
When an options contract expires
What is an Iron Condor?
Buying 2 put and 2 call options with 4 different strike prices with the same expiration date
2 put spreads and 2 call spreads with different expiration dates
I have no idea
A put and call spread with the same strike price
What is a straddle?
You tell me
Buying a put and call option with different strike prices
Buying a put and call option for the underlying asset with the same strike price and same expiration date
Buying a put and call option with different expiration dates
What is a strangle?
Grabbing someones throat and squeezing tightly
Buying a put and call option with different strikes but the same expiration dates
Same thing as a straddle
No clue
Do you need permission from your brokerage to trade options?
Yes
No
I don't know
Are you currently in any option plays? (no right or wrong answer)
What was your biggest takeaway from the Options Unit?
