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. Stock ABC is trading for $76, which option is ITM (In The Money)?Put 71Call 76Call 712. Select the options that could profit from a rise in the underlying's price: Long Call Long Put Short Put Short Call3. What is a Long Call? A Defined Profit Strategy An Undefined Risk Strategy An Undefined Profit Strategy A Defined Risk Strategy4. 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. Does an option buyer have to exercise his option?YesNo6. What are other terms for an Option Buyer? Someone who went long an option Option Keeper Option Holder7. What are American Options?Options that always can be exercisedOptions that only can be exercised at the expiration dateOptions available in the US8. What is an Option Chain?An Option StrategyA Table with all the relevant Option InformationAn Indicator9. What is an Undefined Risk Strategy?A Strategy with no RiskA Strategy with limited RiskA Strategy with unlimited Risk10. Implied Volatility (IV) can also be thought of as:Expected VolatilityActual VolatilityPast VolatilityTime is Up!