Option Trading Beginner Quiz Welcome to the Option Trading Beginner Quiz. Here you can test your knowledge gained from the Beginner Course. Try to take the Quiz without any help. You will be able to retake the Quiz as many times as you wish. Good Luck! 1. Implied Volatility (IV) can also be thought of as:Actual VolatilityPast VolatilityExpected Volatility2. Select the options that could profit from a rise in the underlying's price:Long CallShort CallLong PutShort Put3. What is a Long Call?An Undefined Risk StrategyA Defined Profit StrategyA Defined Risk StrategyAn Undefined Profit Strategy4. What are other terms for an Option Buyer?Option KeeperSomeone who went long an optionOption Holder5. What are American Options?Options available in the USOptions that only can be exercised at the expiration dateOptions that always can be exercised6. Does an option buyer have to exercise his option?NoYes7. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 76Put 71Call 718. What is an Undefined Risk Strategy?A Strategy with unlimited RiskA Strategy with limited RiskA Strategy with no Risk9. What is an Option Chain?A Table with all the relevant Option InformationAn Option StrategyAn Indicator10. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?Time is Up!