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FINRA Series 7

Category - Series 7

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Bubba has not existing positions in his account and writes 1 XYZ July 60 put and 1 XYZ July 60 call. What is this position called?

short combination
long combination
long straddle
short straddle

Explanation

Answer: D - short straddle. A straddle is a put and call on the same stock with the same strike price and expiration date.

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FINRA Series 7

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FINRA Series 7

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