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. What is an Option Chain?A Table with all the relevant Option InformationAn IndicatorAn Option Strategy3. What is a Long Call?A Defined Risk StrategyAn Undefined Risk StrategyAn Undefined Profit StrategyA Defined Profit Strategy4. Does an option buyer have to exercise his option?YesNo5. Select the options that could profit from a rise in the underlying's price:Long PutShort CallLong CallShort Put6. What are other terms for an Option Buyer?Option KeeperOption HolderSomeone who went long an option7. Implied Volatility (IV) can also be thought of as:Actual VolatilityPast VolatilityExpected Volatility8. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?9. What is an Undefined Risk Strategy?A Strategy with unlimited RiskA Strategy with no RiskA Strategy with limited Risk10. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 71Put 71Call 76Time is Up!