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. What are other terms for an Option Buyer?Option KeeperOption HolderSomeone who went long an option2. Select the options that could profit from a rise in the underlying's price:Short CallLong CallShort PutLong Put3. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?4. What is a Long Call?An Undefined Profit StrategyA Defined Risk StrategyAn Undefined Risk StrategyA Defined Profit Strategy5. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 71Put 71Call 766. What are American Options?Options that only can be exercised at the expiration dateOptions that always can be exercisedOptions available in the US7. Does an option buyer have to exercise his option?YesNo8. What is an Undefined Risk Strategy?A Strategy with unlimited RiskA Strategy with no RiskA Strategy with limited Risk9. What is an Option Chain?An Option StrategyA Table with all the relevant Option InformationAn Indicator10. Implied Volatility (IV) can also be thought of as:Expected VolatilityPast VolatilityActual VolatilityTime is Up!