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The options section of the Series 7 exam can be the hardest for many people to pass. Here are some tips to help you pass it and launch your career in securities.
series7 SECURITIES Options QuickSheet. BASIC CONCEPTS. Equity Option Contract. 1 contract = 100 shares. Premiums. 1 point = $100. Example: 1 XYZ January 35 call @ 2 Premium = 2(100 shares) = $200. Intrinsic Value. Difference between strike price and current market value of stock.
I have been tutoring candidates for the Series 7 for years. In that time, I have compiled some key ideas about what it takes to pass. Whether you expect to study for two weeks or two months, this cheat sheet lays out some of the fundamental principles needed to succeed. Follow these tips and you’ll be on your way!!
Using the chart, the first column shows the price of the stock trading in the market, the second column shows the strike prices for the options, and the rest of the chart shows the premiums for the calls and puts and the expiration months.
From what I’ve seen you can expect about 20 options questions on the Series 7. I have gone through explications on YouTube and seem to get most all of the questions correct. Pass Perfect however, they seem to go a lot more in depth and I seem to miss quite a few more.
This easy reference guide reviews basic concepts, calculations (for single and multiple options strategies), non-equity options, tax rules, and public communications. Maximize your study time with the Options Quicksheet!
In Tips For Series 7 Options Questions, we discussed "pure" options strategies. Here, we will focus on the considerable number of questions on the Series 7 exam that test the candidates...
Understanding Series 7 Options Questions. The Series 7 top-off exam typically includes 10-15 options questions. That’s about 10% of the 125 questions that comprise the exam. While most options questions are straightforward, you can expect a handful to demand a higher level of options skill.
Options Cheatsheet from Series Exam Specialist. Rather straightforward options diagram/cheat sheet. Please read below on how to navigate the options diagram. One of the first things I did during my exam was draw out by hand the diagram above. My teacher recommended that everyone does this.
The Series 7 exam places an emphasis on knowing and understanding the functions of different types of customer accounts. Cash, margin, and option accounts are the major account types. Margin accounts present new and unique characteristics to master.