- Stock XYZ is at 100. you are long the Jan 100 put and short the Dec 110 put. Are you: a. Long delta, short vega b. short delta, short vega c. Long delta, long vega d. Short delta, long vega. Answer a: -> Is this correct? 8. You established the following position: Long 100 ABCD 150 Call Long 100 ABCD 150 Put If the price of ABCD is $150 at expiration, what is the resulting ABCD position in your account on the business day following expiration: a. Flat or no position in ABCD b. Long 100,000 shares of ABCD c. Short 100,000 shares of ABCD d. Both B and C answer: a -> Is this correct You establish the following position: short 100 ABCD 150 Call short 100 ABCD 150 Put If the price of ABCD is $150 at expiration, what is the resulting ABCD position in your account on the business day follwoing expiration? a. Flat or not position b. Long 100,000 shares of ABCD c. short 100,000 shares of ABCD d. Both B and C e. Unable to determine. Answer: e -> Is this correct? 19. You establish the following position: Short 1 ABCD 320 Put @6 If the delta of the put is .050 and the gamm is 0.03 what would the new delta be if ABCD decreases from 321 to 320? a. 0.47 b. 0.50 c. 0.53 d. 0.56 e. 0.60 Answer: a -> Is this correct? 20. You have established the following positions: long 500 abc nov 1240 call @5 long 500 abc nov 1205 puts @6
What is the traditional margin requirement? a. $500,000 b. $550,000 c. $600,000 d. $700,000
Answer: b -> Is this correct?