Series 6: Exercise

Taken from our Series 6 Online Guide

Exercise

Answer the following questions.

1. Calvin goes long 5 MNOP July 30 put @3. What is his maximum gain? What is his maximum loss?

2. Shayna goes long 10 LNTR July 25 call @ 3. What is her maximum gain? What is her maximum loss?

3. Jenny shorts 5 ABC Jan 15 call @2. If she has no other position in ABC, what is her maximum loss? Wha

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