Wiley Series 9 Exam Review 2014 + Test Bank

Wiley Series 9 Exam Review prepares candidates for the General Securities Sales Supervisor Qualification Examination, which tests a representative’s knowledge of securities industry rules and statutory provisions for the supervision of sales activities. The book addresses options regulations and securities trading. Candidates will gain access to an online test bank for each chapter and thorough preparation for the FINRA exam. INDICE: ABOUT THE SERIES 9 EXAM IX ABOUT THIS BOOK XIII ABOUT THE TEST BANK XV ABOUT THE SECURITIES INSTITUTE OF AMERICA XVII CHAPTER 1 OPTION BASICS 1 Option Classification 1 Bullish vs. Bearish 2 Possible Outcomes for an Option 3 Exercise Price 4 Characteristics of All Options 4 Managing an Option Position 4 Buying Calls 5 Selling Calls 6 Buying Puts 8 Selling Puts 9 Option Premiums 11 Intrinsic Value and Time Value 13 Pretest 15 CHAPTER 2 OPTION STRATEGIES 19 Using Options as a Hedge 19 Long Stock Long Puts/Married Puts 19 Long Stock Short Calls/Covered Calls 21 Short Stock Long Calls 24 Short Stock Short Puts 27 Multiple Option Positions and Strategies 29 Spreads 34 Analyzing Price Spreads 36 Using a T Chart to Evaluate Option Positions 49 Pretest 55 CHAPTER 3 INDEX, INTEREST RATE, AND CURRENCY OPTIONS 59 Index Options 59 Interest Rate Options 62 Currency Markets 64 Market Volatility Options (VIX) 67 Flex Options 68 Weekly Options 68 Binary Options 69 Pretest 71 CHAPTER 4 THE OPTIONS MARKETPLACE 75 The Option Clearing Corporation 75 The Options Markets 76 The Chicago Board Option Exchange 77 Opening and Closing Option Prices 79 Fast Markets and Trading Halts 79 Order Execution 80 Types of Orders 80 Priority of Option Orders 83 Trade Reporting 83 Option Order Tickets 84 Expiration and Exercise 85 American vs. European Exercise 85 Position and Exercise Limits 86 Stock Splits and Stock Dividends 86 Pretest 89 CHAPTER 5 OPTION TAXATION AND MARGIN REQUIREMENTS 93 Taxation of Options 93 Option Contract Margin Requirements 95 Pretest 99 CHAPTER 6 OPTION COMPLIANCE AND ACCOUNT SUPERVISION 103 Duties of the ROSFP 103 Option Account Compliance 104 Option Agreements 106 Option Account Supervision 107 Large Option Position Reporting Requirements 108 Customer Confi rmations and Account Statements 109 Customer Complaints 110 Communications with the Public 111 FINRA Rule 2210 Communications with the Public 112 Pretest 115 ANSWER KEYS 119 GLOSSARY OF EXAM TERMS 125 INDEX 191

• ISBN: 978-1-118-71993-0
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 216
• Fecha Publicación: 22/01/2014
• Nº Volúmenes: 1
• Idioma: Inglés