Feb $3K on $25K Class Quiz

Here is a quiz that will give you an idea of your grasp of our materials in the $3K Class: A Plan to Make $3K on $25K. Please take this short multiple choice quiz today! If you have taken a prior $3K Class, or are enrolled in our upcoming Feb $3K Class starting next Tuesday, Feb 22, this will give you a better idea of your grasp of the $3K material. If you have never been in a $3K class, this will give you an idea on some of the material we will cover. If you score 75% or above, you have a basic understanding of the material in the 3K class. If you score under 75%, you should attend our FREE Boot Camp an hour before Class every Tuesday and Thursday. This will help bring you up to speed!

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* 1. Please Type Your Name and Email used for $3K Class

Name

Email Address

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* 2. Which Option Strategy would you do when VIX is in the lower end of its 3 Month range?

Calendar

Butterfly

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* 3. Why do we trade Broken Wing Butterflies?

Reduce Risk in one Direction

We are Bullish

We want to be closer to Delta Neutral

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* 4. Which trade will do better today with P and L if the SPX drops 100 Points? SPX 4423 Feb 17:

Buy 1 Mar 18 4425 Call and Sell 1 Mar 11 4425 Call, $ 15.30 debit

Buy 1 Mar 11 4325 Call, Sell 2 Mar 11 4425 Calls, Buy 1 Mar 11 4525 Call, $16.20 Debit

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* 5. What is an GTC order?

Stop Loss Order

Day Order

Limit Order that doesn’t expire

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* 6. Expiration Breakeven Points with Calendar Strategies increase as the VIX increases?

True

False

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* 7. Calendar Trade with SPX at 4422. Buy 1 Mar 18 4425 Call and Sell 1 Mar 11 4425 Call $15.40 Debit. What's the Risk of this Trade?

$15.40

$154

$1540

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* 8. Refer to the above Q #7, Do we make Money if Debit ______________

Increases

Decreases

Stay The Same

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* 9. SPX 4428 Today Feb 17 and VIX 26. Sell 1 Mar 11 4180 Put, Buy 1 Mar 11 4160 Put, 2.80 Credit. Risk?

$280

$2800

$1720

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* 10. Refer to the above Q #9, Potential Yield at Expiration?

2.8%

14%

16%

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* 11. Refer to the above Q #9, Does this Strategy like VIX to?

Increases

Decreases

Stay The Same

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* 12. Which Option Spread is Short Vega?

Calendar

Butterfly

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* 13. SPX 4430 on Feb 17. Buy 1 Mar 11 4360 Call, Sell 2 Mar 11 4430 Calls, Buy 1 Mar 11 4495 Call, $10.00 Debit. What has more Risk?

The Upside

The Downside

Staying Neutral

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* 14. If a Trade Costs $1000 and my Profit Goal is 10% of the Cost, what is the Dollar amount of my Goal?

100

1000

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* 15. Which Butterfly has Wings that are Equidistant from the Short Strike?

Balanced

Unbalacned

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* 16. All Option Spread Orders Should be Limit Orders?

True

False

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* 17. The SPX is Cash Settled, so you CANNOT be Assigned?

True

False

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* 18. The Best Time to Trade Calendars is when the VIX is over 20?

True

False

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* 19. Unbalanced Put or Call Butterflies are essentially the same cost to enter?

True

False

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* 20. Adding a Calendar Trade to a Butterfly Trade as an Adjustment will increase the Short Vega of the Position?

True

False

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* 21. Dan has better Analogies than Mark? (NO wrong Answer ;-)

True

False

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* 22. We would love any Feedback you have to give!

100% of survey complete.