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FINRA Series 7

Category - Series 7

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Bubba buys one XYZ October 80 put and sells one XYZ October 70 put. What is his position called?

calendar spread
money spread
straddle
combination

Explanation

Answer: B - money spread. Since the strike prices are different, but not the expiration date, this is a money spread (sometimes called a “price spread” or a “vertical spread”).

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FINRA Series 7

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FINRA Series 7

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