Practice Quiz

FINRA Series 7

Category - Series 7

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Which of the following option positions is indicative of the same class of option?
  1. long one XYZ July 70 put and one XYZ July 70 call
  2. long one XYZ October 20 call and one XYZ January 30 call
  3. short one XYZ February 60 put and one ABC February 60 put
  4. short one XYZ June 40 call and one ABC June 20 call
Explanation
Answer: B - long one XYZ October 20 call and one XYZ January 30 call. Options in the same class are either both puts or both calls on the same security.
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