Series 66: Exercise

Exercise

Please match the following positions with a strategy

1. A. Speculate and use leverage
2. B. Speculate and increase income
3. C. Hedge and protect short sale gains
4. D. Hedge and protect long sale gains
5. E. Hedge and increase income
6. 1. ____ Long 1,000 shares of XYZ, short 10 calls of XYZ
7. 2. ____ No other position, short 2 calls of XYZ
8. 3. ____ Short 500 shares of XYZ, short 5 puts of XYZ
9. 4. ____ Long 200 shares, long 2 puts XYZ
10. 5. ____ No other position, long 3 calls of XYZ
11. 6. ____ No other position, short 2 puts of XYZ
12. 7. ____ Short 300 shares of XYZ, long 3 calls of XYZ