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Finra Series-7 Exam - Topic 3 Question 22 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 22
Topic #: 3
[All Series-7 Questions]

Bubba buys one XYZ October 80 put and sells one XYZ October 70 put.

What is his position called?

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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'').


by Nobuko at May 08, 2022, 02:12 PM

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Gaynell
3 months ago
Yeah, it's a money spread for sure!
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Carmen
3 months ago
Wait, is it really called a combination? Sounds off.
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Derick
3 months ago
I thought it was a straddle at first, but nope!
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Maybelle
4 months ago
Definitely not a calendar spread.
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Regenia
4 months ago
That's a bull put spread!
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Katheryn
4 months ago
I feel like this is definitely not a calendar spread, but I can't remember the exact term for this setup.
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Adolph
4 months ago
I practiced a similar question, and I think it was called a straddle, but that doesn't seem right here.
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Genevive
4 months ago
I'm not entirely sure, but I remember something about spreads. Could it be a money spread?
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Yolande
5 months ago
I think this might be a combination since he's buying one put and selling another at a different strike price.
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Isreal
5 months ago
Hmm, I'm a bit unsure about this one. The wording is a bit confusing, and I'm not totally familiar with all the Incoterms. I'll have to think it through carefully and make sure I understand the differences between the options.
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Joye
5 months ago
Okay, the instructions seem clear. I'll make sure to check the status of the services after the install and then access the web interface.
upvoted 0 times
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