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 VolatilityExpected VolatilityPast Volatility2. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?3. What is an Option Chain?A Table with all the relevant Option InformationAn Option StrategyAn Indicator4. What is a Long Call?A Defined Risk StrategyA Defined Profit StrategyAn Undefined Profit StrategyAn Undefined Risk Strategy5. Does an option buyer have to exercise his option?YesNo6. What are other terms for an Option Buyer?Option HolderSomeone who went long an optionOption Keeper7. What are American Options?Options that always can be exercisedOptions available in the USOptions that only can be exercised at the expiration date8. What is an Undefined Risk Strategy?A Strategy with no RiskA Strategy with limited RiskA Strategy with unlimited Risk9. Select the options that could profit from a rise in the underlying's price:Short CallLong CallLong PutShort Put10. Stock ABC is trading for $76, which option is ITM (In The Money)?Put 71Call 76Call 71Time is Up!