Series 7 - General Securities Representative Exam
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				A customer bought a Jan 40 call and sold a Feb 60 call. What kind of options trade is this?
										Short Collar
									
									A
								
										Butterfly Spread
									
									B
								
										Diagonal Spread
									
									C
								
										Bertical Spread
									
									D
								Explanations
This is an example of a diagonal spread - when a customer buys an option in a monthly series and then sells another in a different monthly series at a different strike. This can be noted as a combination spread or a diagonal spread on the exam
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