Option 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 is a Long Call? An Undefined Risk Strategy An Undefined Profit Strategy A Defined Risk Strategy A Defined Profit Strategy2. Does an option buyer have to exercise his option?NoYes3. What are American Options?Options that always can be exercisedOptions that only can be exercised at the expiration dateOptions available in the US4. Select the options that could profit from a rise in the underlying's price: Long Put Short Put Long Call Short Call5. Stock ABC is trading for $76, which option is ITM (In The Money)?Call 71Put 71Call 766. What is an Option Chain?An IndicatorA Table with all the relevant Option InformationAn Option Strategy7. What is an Undefined Risk Strategy?A Strategy with limited RiskA Strategy with no RiskA Strategy with unlimited Risk8. What are other terms for an Option Buyer? Option Keeper Option Holder Someone who went long an option9. XYZ is currently trading for $106. Calculate by how much a Put Option with the Strike Price 104 is OTM (Out of The Money)?10. Implied Volatility (IV) can also be thought of as:Actual VolatilityExpected VolatilityPast VolatilityTime is Up!