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Finra Series-7 Exam - Topic 4 Question 18 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 18
Topic #: 4
[All Series-7 Questions]

An option that permits the holder to exercise the contract only at expiration is referred to as:

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Suggested Answer: A

European style. These options can only be exercised at the expiration date while American style options can be exercised at any time prior to expiration.


by Ettie at May 06, 2022, 01:20 AM

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Tammi
5 months ago
I thought American options could be exercised anytime?
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Leslie
5 months ago
Yup, European options only at expiration.
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Freeman
5 months ago
Wait, is there really a Nordic style? Sounds weird.
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Nan
5 months ago
Agreed, that's the correct term.
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Abraham
5 months ago
It's definitely European style!
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Pamella
6 months ago
I might be mixing things up, but I don't remember anything about Nordic or Asian styles being relevant to this question.
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Annett
6 months ago
I recall a practice question about option styles, and I think European was the one that had that restriction.
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Hannah
6 months ago
I'm not entirely sure, but I feel like American style options can be exercised anytime, so that rules out B.
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Grover
6 months ago
I think the answer is A, European style. I remember studying that they can only be exercised at expiration.
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Cristina
6 months ago
Hmm, I'm a bit unsure about the RETURNING clause. I'll need to review my notes on the specifics of when it can be used and what it returns.
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Kallie
6 months ago
Hmm, the tunnel source and destination IPs seem a bit confusing. I'll need to double-check the directionality and make sure I understand how the GRE tunnel should be set up.
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Izetta
6 months ago
I'm a little confused by this question. The options all sound plausible, and I'm not entirely sure which one is the correct answer. I'll have to think it through carefully and try to eliminate the less likely options.
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