Series 7 - General Securities Representative Exam
Preview Mode
Purchases of Equity LEAPS options with over 9 months to expiration require a minimum of what percentage of market value for margin purposes?
115%
A
75%
B
100%
C
110%
D
Explanations
For purchases of puts or calls with more than 9 months until expiration, 75% of the total cost / option current market value is required When time to expiration goes below 9 months, the option no longer has value for margin purposes. Purchases of puts or calls with 9 months or less until expiration must be paid for in full
Pricing
Basic
Part of the questions for each course
-
- Course
- Questions
-
- SIE
- 20 of 150
-
- Series 6
- 30 of 500
-
- Series 7
- 50 of 625