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Finra Exam Series-7 Topic 3 Question 22 Discussion
Actual exam question for
Finra's
Series-7 exam
Question #: 22
Topic #: 3
[All Series-7 Questions]
Topic #: 3
Bubba buys one XYZ October 80 put and sells one XYZ October 70 put.
What is his position called?
Suggested 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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