Series 7 - General Securities Representative Exam
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LMNO stock is trading at $50. It is not an optionable security. Mary wants to take advantage of a downward move in the stock. It is not on the hard to borrow list. What trade may be good for this outlook, given a speculative investment objective?
Long Stock
A
Long Puts
B
Short Stock
C
Short Puts
D
Explanations
Short stock. There are no options traded on this symbol. long stock would be buying it.