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 American Options?Options available in the USOptions that always can be exercisedOptions that only can be exercised at the expiration date2. Select the options that could profit from a rise in the underlying's price:Short PutLong PutLong CallShort Call3. Does an option buyer have to exercise his option?NoYes4. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?5. Implied Volatility (IV) can also be thought of as:Expected VolatilityPast VolatilityActual Volatility6. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 71Call 76Put 717. What is an Undefined Risk Strategy?A Strategy with limited RiskA Strategy with no RiskA Strategy with unlimited Risk8. What is an Option Chain?A Table with all the relevant Option InformationAn IndicatorAn Option Strategy9. What are other terms for an Option Buyer?Option HolderSomeone who went long an optionOption Keeper10. What is a Long Call?An Undefined Risk StrategyAn Undefined Profit StrategyA Defined Risk StrategyA Defined Profit StrategyTime is Up!