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. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?2. What are other terms for an Option Buyer?Someone who went long an optionOption HolderOption Keeper3. Implied Volatility (IV) can also be thought of as:Past VolatilityExpected VolatilityActual Volatility4. What is an Option Chain?A Table with all the relevant Option InformationAn IndicatorAn Option Strategy5. Select the options that could profit from a rise in the underlying's price:Short CallShort PutLong PutLong Call6. Does an option buyer have to exercise his option?YesNo7. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 71Call 76Put 718. What is an Undefined Risk Strategy?A Strategy with unlimited RiskA Strategy with no RiskA Strategy with limited Risk9. What is a Long Call?An Undefined Profit StrategyA Defined Risk StrategyAn Undefined Risk StrategyA Defined Profit Strategy10. What are American Options?Options that only can be exercised at the expiration dateOptions that always can be exercisedOptions available in the USTime is Up!