In compliance with CBOE, FINRA and other SRO rules, each of the below records must be retained in the Branch which services a client’s options transactions and additionally, in the principal Supervisory office responsible for that Branch, excepting:

An option trader has established a short position in 1,000 shares of GHI common at $ 75/share. GHI is a NYSE listed company.  They then sell short 10 GHI 75 put contracts @ 4.

I. This is covered put writing

II. Breakeven will occur at 79

III. Investor’s potential loss is limited

IV. Investor’s potential gain is unlimited

Index options upon exercise are cash settlements.  The amount per contract of a cash settled contract is a function of:

Customarily, transactions in option in accounts designated as Discretionary required ROP specific approval by the end of the date of the transaction. However, specific ROP approval is not required:

When an RR communicates using electronic methods (e.g. e—mail) with 35 of their clients:

Member firms are required to maintain and preserve customer complaints for not less than:

An option customer has the following positions:  1 XYZ  Nov 70 call at 8;  1 XYZ Nov 90 call at 2;  2 XYZ Nov 80 calls at 6.  They have established which of the following strategies?

FINRA has established minimum equity requirements for certain accounts.  For a new account seeking to engage in uncovered call writing, the minimum equity requirement is:

An option customer has been approved for all levels of option trading, if an RR wishes to recommend the client engage in ratio writing:

In the opening of an Options Account, which of the below occurs last?