Series 28: Covered Short Positions

Taken from our Series 28 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

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I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

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Nikita Brown, BMI. Atlanta, GA

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Series 28: Covered Short Positions

Taken from our Series 28 Online Guide

Since you're reading about Series 28: Covered Short Positions, you might also be interested in:

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