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?

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

Show Suggested 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

4 months ago

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

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Barbra

4 months ago

D is definitely not the same class, just saying.

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Kattie

4 months ago

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

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Odelia

4 months ago

Totally agree, C is the only one that matches!

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Chu

4 months ago

A and B are different classes, right?

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Stanford

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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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