Discuss Finra Series-7 Exam Topic 3 Question 63

Which of the following option positions is indicative of the same class of option?

Along one XYZ July 70 put and one XYZ July 70 call

Blong one XYZ October 20 call and one XYZ January 30 call

Cshort one XYZ February 60 put and one ABC February 60 put

Dshort one XYZ June 40 call and one ABC June 20 call

Suggested 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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14 comments · newest first

Frederick 12 months ago

I thought all options with the same strike price were the same class?

Barbra 1 year ago

D is definitely not the same class, just saying.

Kattie 1 year ago

Wait, how can C be the same class? Aren't they different stocks?

Odelia 1 year ago

Totally agree, C is the only one that matches!

Chu 1 year ago

A and B are different classes, right?

Stanford 1 year ago

I feel like I should know this, but I can't recall if the underlying stock needs to be the same for them to be considered the same class.

Millie 1 year ago

I'm a bit confused about the difference between the options in C and D. They both involve puts and calls, but are they really in the same class?

Cecilia 1 year ago

I remember practicing a question similar to this, and I think it was about matching the same type of option. So maybe A is correct?

Bong 1 year ago

I think options from the same class should be either calls or puts, but I'm not sure if the expiration dates matter.

Corazon 1 year ago

This is a tricky one. I'm not entirely sure about the relationship between stateful/stateless and passive/active services. I'll need to review my notes to make sure I have the right approach.

Delpha 1 year ago

Hmm, I'm a bit confused. Is the fact that they have 650 employees also a trigger for the assessment, or is that just additional context? I want to make sure I don't miss any important details.

Shizue 1 year ago

Based on the requirements, I'd go with option A. A signal strength of -67 dBm, 25-dB SNR, and 1% max packet loss seems like the best balance to support all the necessary services reliably.

Elli 1 year ago

I'm a bit hazy on whether Level One appeals are informal or more formal. I might lean towards option C but not entirely sure.

Christoper 1 year ago

I remember practicing a similar question; I think it was about viewing node information. Isn't it Node ?Maintenance ?Software?

Finra Series-7 Exam - Topic 3 Question 63 Discussion