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Updated Finra Series-7 Practice Questions BY Flores

Question 1

Bubba held one XYZ July 30 listed call option when XYZ split 2 for 1.

What is the resulting position, Bubba has on the Option Clearing Corporation's record?

  • A. long one XYZ July 30 call
  • B. long one XYZ July 30 call and short one XYZ July 30 call
  • C. long two XYZ July 30 calls
  • D. long two XYZ July 15 calls