Series 27: Covered Short Positions

Taken from our Series 27 Online Guide

Covered Short Positions

Where a broker-dealer is short a call that it has an offsetting long position in the same underlying instrument for, the haircut is calculated by deducting the percentage required of the current market value of the underlying instrument for the offsetting long position reduced by the short call’s intrinsic value. Intrinsic value is the differe

+ Read More

More Series 27 Info

What are people saying?

Create an Account

Since you're reading about Series 27: Covered Short Positions, you might also be interested in:

Series 24 - Withdrawing from a Traditional IRA

Series 51 - Temporary Periods

Series 24 - 5.8. Clearance and Settlement: The Uniform Practice Code

Series 6 - 8.3.4. Mailing Instructions

SIE - Exercise

Series 63 - Unethical Trading Practices

Series 53 - Series 53 Online Guide

Series 7 - 2.9.4.2. Conversion Value

Series 65 - 2.4.2 Subscription Rights

Series 3 - 6.3.4.1. Market-With-Protection

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed my 27 and I can't thank you enough for the preparation materials, most importantly the Final Exams. I studied for weeks for this test and buckled down the last two weeks of 6 hour study days. It's a great feeling and I couldn't have done it without you!!!

Amanda Whitney, Great Nation Investment Corporation, Amarillo, TX

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

Thank you so much and special thanks to the product you put out!! I did not know about Solomon a year ago when I took the Series 7 and I used another company's material. I did not pass the 7 first time and I was extremely nervous about the 66. However your product was wonderful and thanks to you guys I passed the 66 on my first try!!! Can't thank you enough!!!

Maria Raspa, Merrill Lynch, Wellesley Hills, MA

Thanks to Solomon, the 79 went smoothly. Your materials were phenomenal in my preparation.

Nate Nead, InvestmentBank.com, Seattle, WA

The study materials were spot on! Could not believe it. Topically perfect. Was confident before I hit submit that I had passed.

Peter Cisick, O.N. Equity Sales Co. Collegeville, PA

I would heartily recommend Solomon for anyone studying for the Series 3. The materials are comprehensive, the bank of questions vast and the responsiveness to questions incredibly impressive and detailed. I passed first time and that in no small part is down to Solomon.

David Woolfenden Totem London