Watch your Language
How is this order spoken?
Pay 10.60 for five Peloton November 120 Puts
What are 3 decision traps we’ve discussed in class?
Anchoring, Status quo, Sunk cost, Overconfidence, Recency,
Overweighing, Confirming evidence, Prudence, Framing
What "vanilla" option strategy becomes a butterfly when legs are added for limited losses?
Short Straddle
What financial contract conveys the right, but not the obligation to buy or sell an underlying asset at a specific price within a specific timeframe?
An options contract
What is the day or event causing the S&P 500 to decline 12% from the close on April 2nd to its trough on April 8th?
Liberation Day (April 2, 2025)
What statistical concept commonly used by the trading community provides a range of values that are likely to include a specific value with a certain degree of certainty?
Confidence Interval
What is Nike’s market capitalization?
NKE $94.15
Shares: 1.51 B
$94.15 x 1,510,000,000 = $142,166,500,000
What strategy is this?
Long Call Spread
What place hosts the fair and orderly trading of securities, commodities, derivatives, and other financial instruments?
An exchange
What are the 3 of the 5 cryptocurrencies being considered for the crypto strategic reserve for the US administration?
Bitcoin, Ethereum, Solana, Cordano, Ripple
What is the term used to describe instruments whose value is tethered to, or derived from, something else?
Financial Derivative
What are 3 primary uses for options?
Income generation, Capital protection,
Risk management, Efficient exposure, Manage cash flows
What is the maximum value of a call spread?
The difference between the strikes
What is the type of volatility measured by the VIX Index®?
Expected volatility
What stock dedicated to defense, AI, and data is up over 1000% in the last 24 months?
Palantir Technologies (PLTR)
What are the two exercise styles?
American and European style
Name 2 key features of a structured note.
Date to maturity, Underlying benchmark, Return,
Risk protection mechanisms
If you buy a call spread, what are you doing with the put spread?
Selling
[DAILY DOUBLE]
What is the equation for Put-Call Parity?
Call – Put = (Stock – Strike) + (Interest – Dividends)
What metal reached an 11-year high in 2025?
Platinum
What are the 5 first order Greeks?
Delta, Gamma, Theta, Vega, and Rho
Name 5 characteristics of futures contracts.
Fungibility, Spot/Cash market, Maturity, Settlement
Notional Value & Contract Size, Cost of Carry, Term Structure
What combination trade would you use to create a synthetic long stock position?
Long Call + Short Put
What are the names of the people that revolutionized finance by creating an options pricing model?
Fischer Black, Myron Scholes, and Robert Merton
What bank CEO is a professional DJ and has played at Tomorrowland?
David Solomon (aka DJ D-Sol), Goldman Sachs