Free Basic Options Quiz for
SIE, Series 7, and Series 9 Exam Prep

A professional finance exam study setting featuring a laptop displaying an online options trading quiz. The screen shows multiple-choice questions related to calls and puts, with a calculator and notes on a desk. A confident student is reviewing answers, preparing for the SIE, Series 7, and Series 9 exams. The background includes books on financial markets and exam preparation materials in a modern office setting.

What to Expect in This Free Basic Options Quiz

This free Basic Options Quiz is designed to help you master call and put options, breakeven calculations, intrinsic value, time value, covered calls, protective puts, and risk management strategies. Whether you’re preparing for the Securities Industry Essentials (SIE) Exam, FINRA Series 7 – General Securities Representative Exam, or FINRA Series 9 – General Securities Sales Supervisor Exam, these questions will strengthen your options knowledge.

Who Should Take This Options Quiz?

This quiz is ideal for:

  • SIE exam candidates learning the basics of options trading.
  • Series 7 exam candidates who need to understand options strategies and risk/reward calculations.
  • Series 9 exam candidates focusing on options supervision and compliance.
  • Tutors and instructors looking for high-quality practice questions to help their students.

Why Practice Options Questions for the SIE, Series 7, and Series 9?

Options are a crucial part of the SIE, Series 7, and Series 9 exams, covering everything from long and short calls/puts to covered and protective strategies. Practicing with realistic quiz questions helps you:
✔ Understand key options concepts like time value, intrinsic value, and breakeven points.
✔ Master exam-style questions with detailed explanations.
✔ Improve test-taking confidence before your official exam day.

How This Free Options Quiz Helps You Prepare for Exam Success

  • Each question is structured just like real FINRA exam questions.
  • Instant feedback helps reinforce learning and correct mistakes.
  • Covers both basic and advanced options strategies, ensuring full comprehension.
  • Take the quiz anytime to test your knowledge!

Get Started with the Free SIE, Series 7, and Series 9 Options Quiz

Take the Free Basic Options Quiz for SIE, Series 7, and Series 9 now and see how well you understand key options concepts. Whether you’re a beginner or reviewing for a final study session, this quiz will help you boost your score and pass your FINRA exam with confidence!

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Basic Options Quiz – Perfect for SIE, Series 7, and Series 9 Exam Prep

Are you preparing for the Securities Industry Essentials (SIE) Exam, FINRA Series 7 – General Securities Representative Exam, or FINRA Series 9 – General Securities Sales Supervisor Exam? This Basic Options Quiz is designed to help you master essential options concepts, making it an excellent resource for both test-takers and tutors.

This quiz covers fundamental topics such as call and put options, breakeven calculations, intrinsic and time value, covered calls, protective puts, and maximum gain/loss scenarios. Whether you’re just starting your options study or reinforcing key principles, these practice questions will provide detailed explanations and instant feedback to strengthen your understanding.

Use this SIE, Series 7, and Series 9 options quiz to build confidence, refine your test-taking skills, and boost your readiness for exam day!

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1. An investor buys one XYZ 50 call option for a premium of $7. If XYZ stock is currently trading at $54, what is the time value of the call option?

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2. An investor owns one XYZ 60 put option. If XYZ stock is currently trading at $52, what is the intrinsic value of the put option?

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3. An investor owns one XYZ 50 call option. If XYZ stock is currently trading at $55, what is the intrinsic value of the call option?

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4. An investor shorts 100 shares of XYZ at $80 and buys one XYZ 85 call for a premium of $4. What is the breakeven price for this position?

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5. An investor buys 100 shares of XYZ at $60 and buys one XYZ 55 put for a premium of $3. What is the breakeven price for this position?

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6. An investor buys 100 shares of XYZ at $50 and sells one XYZ 55 call for a premium of $4. What is the breakeven price for this position?

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7. An investor writes (sells) one XYZ 40 put option for a premium of $3. What is the investor’s maximum potential loss?

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8. An investor buys one XYZ 60 put option for a premium of $5. At expiration, XYZ stock is trading at $50. What is the investor’s gain or loss at settlement?

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9. An investor writes (sells) one XYZ 50 call option for a premium of $3. If the stock price rises significantly, what is the investor's maximum potential loss?

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10. An investor purchases one XYZ 50 call option for a premium of $4. What is the investor's maximum potential loss?

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