Series 28: Uncovered Short Positions

Taken from our Series 28 Online Guide

Uncovered Short Positions

For a short put or call, the haircut is calculated by deducting the amount that the option is out of the money from the haircut for the underlying instrument. A minimum haircut is the greater of $250 for each short call option contract and 50% of the ha

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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 ;)

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Nikita Brown, BMI. Atlanta, GA

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