Pass the Series 4 Registered Options Principal Exam!!!!

 

This is a very good resource for Series 4 exam facts!  At http://www.examfacts.com they have an excellent study guide filled with basic exam facts for the Series 4 exam.  The book is also available at Amazon.com.

 Sample Exam Facts:

What is an underlying asset?

The security (or other asset instrument) on which an option is based that is bought or sold when an option is exercised

What are LEAPS?

Long Term Equity Anticipation Securities,   Equities & Indexes only,  and Duration of to 39 months, Most LEAP contracts expire in 24 to 30 months

What is the Liquidity for LISTED options?

Continuous

When is the Settlement date for OTC options?

Same day

What are two required items for arbitration hearings?

Requirements for arbitration hearings include the records pertaining to the case and filing fees paid by the party initiating the claim.