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Finra Series-7 Exam - Topic 3 Question 63 Discussion

Which of the following option positions is indicative of the same class of option?
B) long one XYZ October 20 call and one XYZ January 30 call
A) long one XYZ July 70 put and one XYZ July 70 call
C) short one XYZ February 60 put and one ABC February 60 put
D) short one XYZ June 40 call and one ABC June 20 call

Finra Series-7 Exam - Topic 3 Question 63 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 63
Topic #: 3
[All Series-7 Questions]

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

Show Suggested Answer Hide Answer
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.


by Pamella at Dec 29, 2022, 09:35 AM

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Frederick
10 months ago
I thought all options with the same strike price were the same class?
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Barbra
10 months ago
D is definitely not the same class, just saying.
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Kattie
10 months ago
Wait, how can C be the same class? Aren't they different stocks?
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Odelia
11 months ago
Totally agree, C is the only one that matches!
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Chu
11 months ago
A and B are different classes, right?
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Stanford
11 months 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.
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Millie
11 months 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?
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Cecilia
11 months 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?
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Bong
11 months ago
I think options from the same class should be either calls or puts, but I'm not sure if the expiration dates matter.
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Corazon
11 months 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.
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Delpha
11 months 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.
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Shizue
11 months 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.
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Elli
11 months 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.
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Christoper
11 months ago
I remember practicing a similar question; I think it was about viewing node information. Isn't it Node ?Maintenance ?Software?
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