Three call series of xyz stock january february and

29. Three Call series of XYZ stock - January, February and March are quoted. Which will have
the lowest Option Premium (same strikes)?

30. Which is the ratio of change in option premium for the unit change in interest rates?
31. If you sell a put option with strike of Rs 245 at a premium of Rs.40, how much is the
maximum gain that you may have on expiry of this position?
32. If an investor buys a call option with lower strike price and sells another call option with
higher strike price, both on the same underlying share and same expiration date, the
strategy is called ___________.
(a) Bullish spread (b) Bearish spread (c) Butterfly spread
(d) Calendar spread
33. On the derivative exchanges, all the orders entered on the Trading System are at prices
exclusive of brokerage.
34. A trader has bought 100 shares of XYZ at Rs 780 per share. He expects the price to go up
but wants to protect himself if the price falls. He does not want to lose more than Rs 1000
on this long position in XYZ. What should the trader do?
35. Trader A wants to sell 20 contracts of August series at Rs 4500 and Trader B wants to sell
17 contracts of September series at Rs 4550. Lot size is 50 for both these contracts. The
Initial Margin is fixed at 6%. How much Initial Margin is required to be collected from both
these investors (sum of initial margins of A and B) by the broker?
36. A member has two clients C1 and C2. C1 has purchased 800 contracts and C2 has sold
900 contracts in August XYZ futures series. What is the outstanding liability (open position)
of the member towards Clearing Corporation in number of contracts?
(a) 800 (b) 1700 (c) 900 (d) 100
800+900=1700