{"metadata":{"generator":"Captivate","generatorVersion":"11.8.0","schemaVersion":"","author":"Deborah Diamanti","title":"Series 3 Exam Prep - Roles","description":"","email":"info@examineseriesprep.com","website":"www.examineseriesprep.com","tags":"","thumbnail":"","source":"assets","durationInFrames":88908,"frameRate":30,"totalSlides":87,"width":880,"height":660,"responsive":false,"scalable":true,"launchFile":"index.html","isVRProject":false},"contentStructure":[{"id":"Text_Caption_5","class":"TODO::Senthil","instance":"Text_Caption_5","title":"ESP Exam Securities Prep, Inc. Copyright © 2022. All rights reserved. ","roles":{"textData":{}}},{"id":"Text_Caption_444","class":"TODO::Senthil","instance":"Text_Caption_444","title":"SERIES 3 EXAM PREP - OPTIONS ","roles":{"textData":{}}},{"id":"Button_1478","class":"TODO::Senthil","instance":"Button_1478","roles":{"click":{"subtype":"button"}}},{"id":"si132509","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si132541","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2551","class":"TODO::Senthil","instance":"Text_Caption_2551","title":"MODULE 9 OF 11 ","roles":{"textData":{}}},{"id":"Slide921","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_5","Text_Caption_444","Button_1478","si132509","si132541","Text_Caption_2551"],"roles":{"slide":{"durationInFrames":360},"navigation":{"navid":"Slide921"}}},{"id":"Text_Caption_259","class":"TODO::Senthil","instance":"Text_Caption_259","title":"SERIES 3 EXAM PREP - OPTIONS ","roles":{"textData":{}}},{"id":"Button_240","class":"TODO::Senthil","instance":"Button_240","roles":{"click":{"subtype":"button"}}},{"id":"si13981","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si13995","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_241","class":"TODO::Senthil","instance":"Button_241","roles":{"click":{"subtype":"button"}}},{"id":"si14011","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si14025","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_461","class":"TODO::Senthil","instance":"Text_Caption_461","title":"Slide $$cpInfoCurrentSlide$$ ","roles":{"textData":{}}},{"id":"Text_Caption_1490","class":"TODO::Senthil","instance":"Text_Caption_1490","title":"TABLE OF CONTENTS ","roles":{"textData":{}}},{"id":"Image_942","class":"TODO::Senthil","instance":"Image_942","roles":{"click":{"subtype":"button"},"textData":{}}},{"id":"Text_Caption_1828","class":"TODO::Senthil","instance":"Text_Caption_1828","title":"Learning Objectives Introduction Buyer’s Rights vs Seller’s Obligations How Options Work Call Options & Put Options How to Trade Options Short-Term Options vs. Long-Term Options Margins on Options Quick Quiz      ","roles":{"textData":{}}},{"id":"Slide9597","class":"Normal Slide","instance":"TOC","thumbnail":"","children":["Text_Caption_259","Button_240","si13981","si13995","Button_241","si14011","si14025","Text_Caption_461","Text_Caption_1490","Image_942","Text_Caption_1828"],"roles":{"slide":{"durationInFrames":93},"navigation":{"navid":"Slide9597"}}},{"id":"Button_1440","class":"TODO::Senthil","instance":"Button_1440","roles":{"click":{"subtype":"button"}}},{"id":"si126611","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si126624","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_1441","class":"TODO::Senthil","instance":"Button_1441","roles":{"click":{"subtype":"button"}}},{"id":"si126662","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si126675","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_1028","class":"TODO::Senthil","instance":"Text_Caption_1028","title":"After you’ve completed this module, you will be able to: ","roles":{"textData":{}}},{"id":"Button_1765","class":"TODO::Senthil","instance":"Button_1765","roles":{"click":{"subtype":"button"}}},{"id":"si173745","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si173778","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_943","class":"TODO::Senthil","instance":"Image_943","roles":{"click":{"subtype":"button"},"question":{"quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_1491","class":"TODO::Senthil","instance":"Text_Caption_1491","title":"LEARNING OBJECTIVES ","roles":{"textData":{}}},{"id":"Text_Caption_1492","class":"TODO::Senthil","instance":"Text_Caption_1492","title":"Define Commodity Options Explain the Buyer’s Rights vs the Seller’s Obligations Explain how Options work Define Call Options and Put Options Demonstrate how Options trade Define Short-Term Options vs Long-Term Options Explain how Margins on Options work ","roles":{"textData":{}}},{"id":"Slide126751","class":"Normal Slide","instance":"Learning Objectives","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Button_1440","si126611","si126624","Button_1441","si126662","si126675","Text_Caption_1028","Button_1765","si173745","si173778","Image_943","Text_Caption_1491","Text_Caption_1492"],"roles":{"slide":{"durationInFrames":849},"navigation":{"navid":"Slide126751"}}},{"id":"Button_1744","class":"TODO::Senthil","instance":"Button_1744","roles":{"click":{"subtype":"button"}}},{"id":"si171882","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si171895","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_1745","class":"TODO::Senthil","instance":"Button_1745","roles":{"click":{"subtype":"button"}}},{"id":"si171933","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si171946","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_1463","class":"TODO::Senthil","instance":"Text_Caption_1463","title":"Slide $$cpInfoCurrentSlide$$ ","roles":{"textData":{}}},{"id":"Text_Caption_1465","class":"TODO::Senthil","instance":"Text_Caption_1465","title":"Introduction ","roles":{"textData":{}}},{"id":"Line_10","class":"TODO::Senthil","instance":"Line_10","roles":{}},{"id":"Image_932","class":"TODO::Senthil","instance":"Image_932","roles":{"click":{"subtype":"button"},"question":{"quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_1766","class":"TODO::Senthil","instance":"Button_1766","roles":{"click":{"subtype":"button"}}},{"id":"si173840","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si173869","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide171992","class":"Normal Slide","instance":"Introduction","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Button_1744","si171882","si171895","Button_1745","si171933","si171946","Text_Caption_1463","Text_Caption_1465","Image_932","Button_1766","si173840","si173869"],"roles":{"slide":{"durationInFrames":93},"navigation":{"navid":"Slide171992"}}},{"id":"Button_1450","class":"TODO::Senthil","instance":"Button_1450","roles":{"click":{"subtype":"button"}}},{"id":"si127946","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si127959","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_1451","class":"TODO::Senthil","instance":"Button_1451","roles":{"click":{"subtype":"button"}}},{"id":"si127997","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si128010","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_1047","class":"TODO::Senthil","instance":"Text_Caption_1047","title":"INTRODUCTION ","roles":{"textData":{}}},{"id":"Text_Caption_1049","class":"TODO::Senthil","instance":"Text_Caption_1049","title":"What are Options? Options are contracts that give the bearer the right—but not the obligation—to either buy or sell an amount of some underlying asset at a predetermined price at or before the contract expires. Like most other asset classes, options can be purchased with brokerage investment accounts.  Options are powerful because they can enhance an individual’s portfolio. They do this through added income, protection, and even leverage. Depending on the situation, there is usually an option scenario appropriate for an investor’s goal.   A popular example would be using options as an effective hedge against a declining stock market to limit downside losses. In fact, options were really invented for hedging purposes. Hedging with options is meant to reduce risk at a reasonable cost. Here, we can think of using options like an insurance policy. Just as you insure your house or car, options can be used to insure your investments against a downturn.  ","roles":{"textData":{}}},{"id":"Button_1767","class":"TODO::Senthil","instance":"Button_1767","roles":{"click":{"subtype":"button"}}},{"id":"si173931","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si173960","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1571","class":"TODO::Senthil","instance":"Image_1571","roles":{"click":{"subtype":"button"},"question":{"interactionId":"300389","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide128052","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_1450","si127946","si127959","Button_1451","si127997","si128010","Text_Caption_1047","Text_Caption_1049","Button_1767","si173931","si173960","Image_1571"],"roles":{"slide":{"durationInFrames":2337},"navigation":{"navid":"Slide128052"}}},{"id":"Button_2714","class":"TODO::Senthil","instance":"Button_2714","roles":{"click":{"subtype":"button"}}},{"id":"si301583","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301596","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2715","class":"TODO::Senthil","instance":"Button_2715","roles":{"click":{"subtype":"button"}}},{"id":"si301634","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301647","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2413","class":"TODO::Senthil","instance":"Text_Caption_2413","title":"INTRODUCTION ","roles":{"textData":{}}},{"id":"Text_Caption_2414","class":"TODO::Senthil","instance":"Text_Caption_2414","title":"Imagine that you want to buy technology stocks, but you also want to limit losses. By using put options, you could limit your downside risk and enjoy all the upside in a cost-effective way. For short sellers, call options can be used to limit losses if the underlying price moves against their trade—especially during a short squeeze.  Options can also be used for speculation. Speculation is a wager on future price direction. A speculator might think the price of a stock will go up, perhaps based on fundamental analysis or technical analysis. A speculator might buy the stock or buy a call option on the stock.   Speculating with a call option—instead of buying the stock outright—is attractive to some traders because options provide leverage. An out-of-the-money call option may only cost a few dollars or even cents compared to the full price of a $100 stock. ","roles":{"textData":{}}},{"id":"Button_2716","class":"TODO::Senthil","instance":"Button_2716","roles":{"click":{"subtype":"button"}}},{"id":"si301708","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301722","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1577","class":"TODO::Senthil","instance":"Image_1577","roles":{"click":{"subtype":"button"},"question":{"interactionId":"301727","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide301750","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2714","si301583","si301596","Button_2715","si301634","si301647","Text_Caption_2413","Text_Caption_2414","Button_2716","si301708","si301722","Image_1577"],"roles":{"slide":{"durationInFrames":2058},"navigation":{"navid":"Slide301750"}}},{"id":"Button_2720","class":"TODO::Senthil","instance":"Button_2720","roles":{"click":{"subtype":"button"}}},{"id":"si302049","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302062","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2721","class":"TODO::Senthil","instance":"Button_2721","roles":{"click":{"subtype":"button"}}},{"id":"si302100","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302113","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2418","class":"TODO::Senthil","instance":"Text_Caption_2418","title":"INTRODUCTION ","roles":{"textData":{}}},{"id":"Text_Caption_2419","class":"TODO::Senthil","instance":"Text_Caption_2419","title":"An option is a contract giving the buyer the right—but not the obligation—to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date.  People use options for income, to speculate, and to hedge risk.  Options are known as derivatives because they derive their value from an underlying asset.  A stock option contract typically represents 100 shares of the underlying stock, but options may be written on any sort of underlying asset from bonds to currencies to commodities. ","roles":{"textData":{}}},{"id":"Button_2722","class":"TODO::Senthil","instance":"Button_2722","roles":{"click":{"subtype":"button"}}},{"id":"si302174","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302188","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1580","class":"TODO::Senthil","instance":"Image_1580","roles":{"click":{"subtype":"button"},"question":{"quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1581","class":"TODO::Senthil","instance":"Image_1581","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302247","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1582","class":"TODO::Senthil","instance":"Image_1582","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302260","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1583","class":"TODO::Senthil","instance":"Image_1583","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302273","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1584","class":"TODO::Senthil","instance":"Image_1584","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302287","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2420","class":"TODO::Senthil","instance":"Text_Caption_2420","title":"KEY POINTS ","roles":{"textData":{}}},{"id":"Slide302216","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2720","si302049","si302062","Button_2721","si302100","si302113","Text_Caption_2418","Text_Caption_2419","Button_2722","si302174","si302188","Image_1580","Image_1581","Image_1582","Image_1583","Image_1584","Text_Caption_2420"],"roles":{"slide":{"durationInFrames":1374},"navigation":{"navid":"Slide302216"}}},{"id":"Text_Caption_2520","class":"TODO::Senthil","instance":"Text_Caption_2520","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1636","class":"TODO::Senthil","instance":"Image_1636","roles":{"click":{"subtype":"button","question":"Slide313042q0"},"question":{"interactionId":"312860","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si312879","class":"TODO::Senthil","instance":"Text_Caption_557","title":"An option is a contract giving the buyer the right—but not the obligation—to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date. ","roles":{"textData":{}}},{"id":"si312890","class":"TODO::Senthil","instance":"Text_Caption_558","title":"A) ","roles":{"textData":{}}},{"id":"si312894","class":"TODO::Senthil","instance":"Text_Caption_559","title":"True ","roles":{"textData":{}}},{"id":"si312890_a","class":"TODO::Senthil","instance":"68_75","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si312901","class":"TODO::Senthil","instance":"Text_Caption_560","title":"B) ","roles":{"textData":{}}},{"id":"si312905","class":"TODO::Senthil","instance":"Text_Caption_561","title":"False ","roles":{"textData":{}}},{"id":"si312901_a","class":"TODO::Senthil","instance":"70_76","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si312940","class":"TODO::Senthil","instance":"Button_184","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313042q0","for":"Slide313042q0"},"textData":{}}},{"id":"si312952","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313042q0","for":"Slide313042q0"},"textData":{}}},{"id":"si312964","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313042q0","for":"Slide313042q0"},"textData":{}}},{"id":"si312996","class":"TODO::Senthil","instance":"Text_Caption_543","title":"Incorrect - The correct answer is True. An option is a contract giving the buyer the right—but not the obligation—to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si313028","class":"TODO::Senthil","instance":"Text_Caption_544","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide313042","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2520","Image_1636","si312879","si312894","si312905","si312940","si312952","si312964"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide313042"},"question":{"interactionId":"312829","quizId":733,"title":"True/False","text":"An option is a contract giving the buyer the right—but not the obligation—to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2717","class":"TODO::Senthil","instance":"Button_2717","roles":{"click":{"subtype":"button"}}},{"id":"si301803","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301816","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2718","class":"TODO::Senthil","instance":"Button_2718","roles":{"click":{"subtype":"button"}}},{"id":"si301854","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301867","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2416","class":"TODO::Senthil","instance":"Text_Caption_2416","title":"Buyer’s Rights vs Seller’s Obligations ","roles":{"textData":{}}},{"id":"Line_78","class":"TODO::Senthil","instance":"Line_78","roles":{}},{"id":"Image_1578","class":"TODO::Senthil","instance":"Image_1578","roles":{"click":{"subtype":"button"},"question":{"quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2719","class":"TODO::Senthil","instance":"Button_2719","roles":{"click":{"subtype":"button"}}},{"id":"si301945","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si301959","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide301975","class":"Normal Slide","instance":"Buyer’s Rights vs Seller’s Obligations","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2717","si301803","si301816","Button_2718","si301854","si301867","Text_Caption_2416","Image_1578","Button_2719","si301945","si301959"],"roles":{"slide":{"durationInFrames":129},"navigation":{"navid":"Slide301975"}}},{"id":"Button_2702","class":"TODO::Senthil","instance":"Button_2702","roles":{"click":{"subtype":"button"}}},{"id":"si300673","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si300686","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2703","class":"TODO::Senthil","instance":"Button_2703","roles":{"click":{"subtype":"button"}}},{"id":"si300724","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si300737","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2404","class":"TODO::Senthil","instance":"Text_Caption_2404","title":"BUYER’S RIGHTS VS SELLER’S OBLIGATIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2405","class":"TODO::Senthil","instance":"Text_Caption_2405","title":"As in any market, for every buyer there must be a seller. In options trading, an option seller must be prepared to enter an appropriate futures position that's opposite to the option buyer if and when the option is exercised.  ","roles":{"textData":{}}},{"id":"Button_2704","class":"TODO::Senthil","instance":"Button_2704","roles":{"click":{"subtype":"button"}}},{"id":"si300798","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si300812","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1587","class":"TODO::Senthil","instance":"Image_1587","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302351","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide300840","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2702","si300673","si300686","Button_2703","si300724","si300737","Text_Caption_2404","Text_Caption_2405","Button_2704","si300798","si300812","Image_1587"],"roles":{"slide":{"durationInFrames":690},"navigation":{"navid":"Slide300840"}}},{"id":"Button_2723","class":"TODO::Senthil","instance":"Button_2723","roles":{"click":{"subtype":"button"}}},{"id":"si302416","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302429","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2724","class":"TODO::Senthil","instance":"Button_2724","roles":{"click":{"subtype":"button"}}},{"id":"si302467","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302480","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2421","class":"TODO::Senthil","instance":"Text_Caption_2421","title":"BUYER’S RIGHTS VS SELLER’S OBLIGATIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2422","class":"TODO::Senthil","instance":"Text_Caption_2422","title":"New Option Introduced When a new option is introduced, the initial exercise price will bracket the current price of the underlying futures contract of the same expiration month. As the futures price fluctuates, additional exercise prices will be opened for trading by the appropriate exchange.  Opening and Closing Transactions All options transactions are either opening or closing transactions. An opening transaction is one in which a trader establishes or increases a position in an option. On the other hand, a closing transaction is one which decreases or eliminates an existing option position. ","roles":{"textData":{}}},{"id":"Button_2725","class":"TODO::Senthil","instance":"Button_2725","roles":{"click":{"subtype":"button"}}},{"id":"si302541","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302555","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1589","class":"TODO::Senthil","instance":"Image_1589","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302590","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2425","class":"TODO::Senthil","instance":"Text_Caption_2425","title":"A trader who has sold a call (opening sale) may later buy a call (closing purchase) on the futures contract with the same striking price, thereby offsetting the short call position and terminating his obligations as an option writer. ","roles":{"textData":{}}},{"id":"Image_1591","class":"TODO::Senthil","instance":"Image_1591","roles":{"click":{"subtype":"button"},"question":{"interactionId":"302856","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2426","class":"TODO::Senthil","instance":"Text_Caption_2426","title":"Remember that the purchase of a call cannot be offset with the sale of a put. Likewise, the sale of a call option cannot be offset with the purchase of a put. ","roles":{"textData":{}}},{"id":"Slide302584","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2723","si302416","si302429","Button_2724","si302467","si302480","Text_Caption_2421","Text_Caption_2422","Button_2725","si302541","si302555","Image_1589","Text_Caption_2425","Image_1591","Text_Caption_2426"],"roles":{"slide":{"durationInFrames":2484},"navigation":{"navid":"Slide302584"}}},{"id":"Text_Caption_2521","class":"TODO::Senthil","instance":"Text_Caption_2521","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1637","class":"TODO::Senthil","instance":"Image_1637","roles":{"click":{"subtype":"button","question":"Slide313271q1"},"question":{"interactionId":"313089","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si313108","class":"TODO::Senthil","instance":"Text_Caption_562","title":"The seller is also known as the Grantor, Writer or Short the Option. ","roles":{"textData":{}}},{"id":"si313119","class":"TODO::Senthil","instance":"Text_Caption_563","title":"A) ","roles":{"textData":{}}},{"id":"si313123","class":"TODO::Senthil","instance":"Text_Caption_564","title":"True ","roles":{"textData":{}}},{"id":"si313119_a","class":"TODO::Senthil","instance":"68_77","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si313130","class":"TODO::Senthil","instance":"Text_Caption_565","title":"B) ","roles":{"textData":{}}},{"id":"si313134","class":"TODO::Senthil","instance":"Text_Caption_566","title":"False ","roles":{"textData":{}}},{"id":"si313130_a","class":"TODO::Senthil","instance":"70_78","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si313169","class":"TODO::Senthil","instance":"Button_185","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313271q1","for":"Slide313271q1"},"textData":{}}},{"id":"si313181","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313271q1","for":"Slide313271q1"},"textData":{}}},{"id":"si313193","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313271q1","for":"Slide313271q1"},"textData":{}}},{"id":"si313225","class":"TODO::Senthil","instance":"Text_Caption_545","title":"Incorrect - The correct answer is True. The seller is also known as the Grantor, Writer or Short the Option. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si313257","class":"TODO::Senthil","instance":"Text_Caption_546","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide313271","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2521","Image_1637","si313108","si313123","si313134","si313169","si313181","si313193"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide313271"},"question":{"interactionId":"313061","quizId":733,"title":"True/False","text":"The seller is also known as the Grantor, Writer or Short the Option.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2866","class":"TODO::Senthil","instance":"Button_2866","roles":{"click":{"subtype":"button"}}},{"id":"si322695","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si322708","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2867","class":"TODO::Senthil","instance":"Button_2867","roles":{"click":{"subtype":"button"}}},{"id":"si322746","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si322759","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2556","class":"TODO::Senthil","instance":"Text_Caption_2556","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2557","class":"TODO::Senthil","instance":"Text_Caption_2557","title":"Buyer’s Rights vs Seller’s Obligations ","roles":{"textData":{}}},{"id":"Line_86","class":"TODO::Senthil","instance":"Line_86","roles":{}},{"id":"Image_1678","class":"TODO::Senthil","instance":"Image_1678","roles":{"click":{"subtype":"button"},"question":{"interactionId":"322794","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2868","class":"TODO::Senthil","instance":"Button_2868","roles":{"click":{"subtype":"button"}}},{"id":"si322837","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si322851","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide322867","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2866","si322695","si322708","Button_2867","si322746","si322759","Text_Caption_2556","Text_Caption_2557","Image_1678","Button_2868","si322837","si322851"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide322867"}}},{"id":"Button_2869","class":"TODO::Senthil","instance":"Button_2869","roles":{"click":{"subtype":"button"}}},{"id":"si322922","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si322935","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2870","class":"TODO::Senthil","instance":"Button_2870","roles":{"click":{"subtype":"button"}}},{"id":"si322973","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si322986","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2558","class":"TODO::Senthil","instance":"Text_Caption_2558","title":"REVIEW - BUYER’S RIGHTS VS SELLER’S OBLIGATIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2559","class":"TODO::Senthil","instance":"Text_Caption_2559","title":"As in any market, for every buyer there must be a seller. In options trading, an option seller must be prepared to enter an appropriate futures position that's opposite to the option buyer if and when the option is exercised.   When a new option is introduced, the initial exercise price will bracket the current price of the underlying futures contract of the same expiration month. As the futures price fluctuates, additional exercise prices will be opened for trading by the appropriate exchange.  Remember that the purchase of a call cannot be offset with the sale of a put. Likewise, the sale of a call option cannot be offset with the purchase of a put. ","roles":{"textData":{}}},{"id":"Image_1679","class":"TODO::Senthil","instance":"Image_1679","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323016","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1680","class":"TODO::Senthil","instance":"Image_1680","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323025","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1681","class":"TODO::Senthil","instance":"Image_1681","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323034","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2871","class":"TODO::Senthil","instance":"Button_2871","roles":{"click":{"subtype":"button"}}},{"id":"si323086","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323100","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide323116","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2869","si322922","si322935","Button_2870","si322973","si322986","Text_Caption_2558","Text_Caption_2559","Image_1679","Image_1680","Image_1681","Button_2871","si323086","si323100"],"roles":{"slide":{"durationInFrames":1527},"navigation":{"navid":"Slide323116"}}},{"id":"Button_2729","class":"TODO::Senthil","instance":"Button_2729","roles":{"click":{"subtype":"button"}}},{"id":"si302951","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302964","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2730","class":"TODO::Senthil","instance":"Button_2730","roles":{"click":{"subtype":"button"}}},{"id":"si303002","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303015","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2428","class":"TODO::Senthil","instance":"Text_Caption_2428","title":"How Options Work ","roles":{"textData":{}}},{"id":"Line_79","class":"TODO::Senthil","instance":"Line_79","roles":{}},{"id":"Image_1592","class":"TODO::Senthil","instance":"Image_1592","roles":{"click":{"subtype":"button"},"question":{"interactionId":"303050","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2731","class":"TODO::Senthil","instance":"Button_2731","roles":{"click":{"subtype":"button"}}},{"id":"si303093","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303107","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide303123","class":"Normal Slide","instance":"How Options Work","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2729","si302951","si302964","Button_2730","si303002","si303015","Text_Caption_2428","Image_1592","Button_2731","si303093","si303107"],"roles":{"slide":{"durationInFrames":102},"navigation":{"navid":"Slide303123"}}},{"id":"Button_2726","class":"TODO::Senthil","instance":"Button_2726","roles":{"click":{"subtype":"button"}}},{"id":"si302660","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302673","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2727","class":"TODO::Senthil","instance":"Button_2727","roles":{"click":{"subtype":"button"}}},{"id":"si302711","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302724","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2423","class":"TODO::Senthil","instance":"Text_Caption_2423","title":"HOW OPTIONS WORK ","roles":{"textData":{}}},{"id":"Text_Caption_2424","class":"TODO::Senthil","instance":"Text_Caption_2424","title":"Determining the Probabilities of Future Price Events In terms of valuing option contracts, it is essentially all about determining the probabilities of future price events. The more likely something is to occur, the more expensive an option that profits from that event would be. For instance, a call value goes up as the stock (underlying) goes up. This is the key to understanding the relative value of options.  The less time there is until expiry, the less value an option will have. This is because the chances of a price move in the underlying stock diminish as we draw closer to expiry.   This is why an option is a wasting asset. If you buy a one-month option that is out of the money, and the stock doesn’t move, the option becomes less valuable with each passing day. Because time is a component of the price of an option, a one-month option is going to be less valuable than a three-month option. This is because with more time available, the probability of a price move in your favor increases, and vice versa. ","roles":{"textData":{}}},{"id":"Button_2728","class":"TODO::Senthil","instance":"Button_2728","roles":{"click":{"subtype":"button"}}},{"id":"si302785","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si302799","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1595","class":"TODO::Senthil","instance":"Image_1595","roles":{"click":{"subtype":"button"},"question":{"interactionId":"303575","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide302828","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2726","si302660","si302673","Button_2727","si302711","si302724","Text_Caption_2423","Text_Caption_2424","Button_2728","si302785","si302799","Image_1595"],"roles":{"slide":{"durationInFrames":2439},"navigation":{"navid":"Slide302828"}}},{"id":"Button_2738","class":"TODO::Senthil","instance":"Button_2738","roles":{"click":{"subtype":"button"}}},{"id":"si303640","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303653","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2739","class":"TODO::Senthil","instance":"Button_2739","roles":{"click":{"subtype":"button"}}},{"id":"si303691","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303704","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2434","class":"TODO::Senthil","instance":"Text_Caption_2434","title":"Accordingly, the same option strike that expires in a year will cost more than the same strike for one month. This wasting feature of options is a result of time decay. The same option will be worth less tomorrow than it is today if the price of the stock doesn’t move.  Volatility Volatility also increases the price of an option. This is because uncertainty pushes the odds of an outcome higher. If the volatility of the underlying asset increases, larger price swings increase the possibilities of substantial moves both up and down. Greater price swings will increase the chances of an event occurring. Therefore, the greater the volatility, the greater the price of the option. Options trading and volatility are intrinsically linked to each other in this way.  On most U.S. exchanges, a stock option contract is the option to buy or sell 100 shares; that's why you must multiply the contract premium by 100 to get the total amount you’ll have to spend to buy the call. ","roles":{"textData":{}}},{"id":"Button_2740","class":"TODO::Senthil","instance":"Button_2740","roles":{"click":{"subtype":"button"}}},{"id":"si303765","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303779","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1596","class":"TODO::Senthil","instance":"Image_1596","roles":{"click":{"subtype":"button"},"question":{"interactionId":"303785","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2517","class":"TODO::Senthil","instance":"Text_Caption_2517","title":"HOW OPTIONS WORK ","roles":{"textData":{}}},{"id":"Slide303808","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2738","si303640","si303653","Button_2739","si303691","si303704","Text_Caption_2434","Button_2740","si303765","si303779","Image_1596","Text_Caption_2517"],"roles":{"slide":{"durationInFrames":2319},"navigation":{"navid":"Slide303808"}}},{"id":"Button_2735","class":"TODO::Senthil","instance":"Button_2735","roles":{"click":{"subtype":"button"}}},{"id":"si303401","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303414","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2736","class":"TODO::Senthil","instance":"Button_2736","roles":{"click":{"subtype":"button"}}},{"id":"si303452","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303465","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2432","class":"TODO::Senthil","instance":"Text_Caption_2432","title":"What Happened to Our Option Investment? ","roles":{"textData":{}}},{"id":"Button_2737","class":"TODO::Senthil","instance":"Button_2737","roles":{"click":{"subtype":"button"}}},{"id":"si303526","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303540","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2435","class":"TODO::Senthil","instance":"Text_Caption_2435","title":"HOW OPTIONS WORK ","roles":{"textData":{}}},{"id":"Image_1597","class":"TODO::Senthil","instance":"Image_1597","roles":{"click":{"subtype":"button"},"question":{"interactionId":"303835","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2438","class":"TODO::Senthil","instance":"Text_Caption_2438","title":"The majority of the time, holders choose to take their profits by trading out (closing out) their position. This means that option holders sell their options in the market, and writers buy their positions back to close. Only about 10% of options are exercised, 60% are traded (closed) out, and 30% expire worthlessly. ","roles":{"textData":{}}},{"id":"Slide303569","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2735","si303401","si303414","Button_2736","si303452","si303465","Text_Caption_2432","Button_2737","si303526","si303540","Text_Caption_2435","Image_1597","Text_Caption_2438"],"roles":{"slide":{"durationInFrames":1167},"navigation":{"navid":"Slide303569"}}},{"id":"Button_2741","class":"TODO::Senthil","instance":"Button_2741","roles":{"click":{"subtype":"button"}}},{"id":"si303900","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303913","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2742","class":"TODO::Senthil","instance":"Button_2742","roles":{"click":{"subtype":"button"}}},{"id":"si303951","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303964","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2436","class":"TODO::Senthil","instance":"Text_Caption_2436","title":"Intrinsic Value and Extrinsic Value Fluctuations in option prices can be explained by intrinsic value and extrinsic value, which is also known as time value.   An option's premium is the combination of its intrinsic value and time value. Intrinsic value is the in-the-money amount of an options contract, which, for a call option, is the amount above the strike price that the stock is trading.   Time Value Time value represents the added value an investor has to pay for an option above the intrinsic value. This is the extrinsic value or time value.  ","roles":{"textData":{}}},{"id":"Button_2743","class":"TODO::Senthil","instance":"Button_2743","roles":{"click":{"subtype":"button"}}},{"id":"si304021","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304035","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2437","class":"TODO::Senthil","instance":"Text_Caption_2437","title":"HOW OPTIONS WORK ","roles":{"textData":{}}},{"id":"Image_1600","class":"TODO::Senthil","instance":"Image_1600","roles":{"click":{"subtype":"button"},"question":{"interactionId":"304109","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2439","class":"TODO::Senthil","instance":"Text_Caption_2439","title":"In real life, options almost always trade at some level above their intrinsic value, because the probability of an event occurring is never absolutely zero, even if it is highly unlikely. ","roles":{"textData":{}}},{"id":"Slide304068","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2741","si303900","si303913","Button_2742","si303951","si303964","Text_Caption_2436","Button_2743","si304021","si304035","Text_Caption_2437","Image_1600","Text_Caption_2439"],"roles":{"slide":{"durationInFrames":2223},"navigation":{"navid":"Slide304068"}}},{"id":"Text_Caption_2522","class":"TODO::Senthil","instance":"Text_Caption_2522","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1638","class":"TODO::Senthil","instance":"Image_1638","roles":{"click":{"subtype":"button","question":"Slide313500q2"},"question":{"interactionId":"313318","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si313337","class":"TODO::Senthil","instance":"Text_Caption_567","title":"In terms of valuing option contracts, it is essentially all about determining the probabilities of future price events. The more likely something is to occur, the more expensive an option that profits from that event would be. For instance, a call value goes up as the stock (underlying) goes up. This is the key to understanding the relative value of options. ","roles":{"textData":{}}},{"id":"si313348","class":"TODO::Senthil","instance":"Text_Caption_568","title":"A) ","roles":{"textData":{}}},{"id":"si313352","class":"TODO::Senthil","instance":"Text_Caption_569","title":"True ","roles":{"textData":{}}},{"id":"si313348_a","class":"TODO::Senthil","instance":"68_79","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si313359","class":"TODO::Senthil","instance":"Text_Caption_570","title":"B) ","roles":{"textData":{}}},{"id":"si313363","class":"TODO::Senthil","instance":"Text_Caption_571","title":"False ","roles":{"textData":{}}},{"id":"si313359_a","class":"TODO::Senthil","instance":"70_80","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si313398","class":"TODO::Senthil","instance":"Button_186","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313500q2","for":"Slide313500q2"},"textData":{}}},{"id":"si313410","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313500q2","for":"Slide313500q2"},"textData":{}}},{"id":"si313422","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313500q2","for":"Slide313500q2"},"textData":{}}},{"id":"si313454","class":"TODO::Senthil","instance":"Text_Caption_547","title":"Incorrect - The correct answer is True. In terms of valuing option contracts, it is essentially all about determining the probabilities of future price events. The more likely something is to occur, the more expensive an option that profits from that event would be. For instance, a call value goes up as the stock (underlying) goes up. This is the key to understanding the relative value of options. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si313486","class":"TODO::Senthil","instance":"Text_Caption_548","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide313500","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2522","Image_1638","si313337","si313352","si313363","si313398","si313410","si313422"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide313500"},"question":{"interactionId":"313286","quizId":733,"title":"True/False","text":"In terms of valuing option contracts, it is essentially all about determining the probabilities of future price events. The more likely something is to occur, the more expensive an option that profits from that event would be. For instance, a call value goes up as the stock (underlying) goes up. This is the key to understanding the relative value of options.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2872","class":"TODO::Senthil","instance":"Button_2872","roles":{"click":{"subtype":"button"}}},{"id":"si323171","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323184","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2873","class":"TODO::Senthil","instance":"Button_2873","roles":{"click":{"subtype":"button"}}},{"id":"si323222","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323235","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2560","class":"TODO::Senthil","instance":"Text_Caption_2560","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2561","class":"TODO::Senthil","instance":"Text_Caption_2561","title":"Buyer’s Rights vs Seller’s Obligations ","roles":{"textData":{}}},{"id":"Line_87","class":"TODO::Senthil","instance":"Line_87","roles":{}},{"id":"Image_1683","class":"TODO::Senthil","instance":"Image_1683","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323270","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2874","class":"TODO::Senthil","instance":"Button_2874","roles":{"click":{"subtype":"button"}}},{"id":"si323313","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323327","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide323343","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2872","si323171","si323184","Button_2873","si323222","si323235","Text_Caption_2560","Text_Caption_2561","Image_1683","Button_2874","si323313","si323327"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide323343"}}},{"id":"Button_2875","class":"TODO::Senthil","instance":"Button_2875","roles":{"click":{"subtype":"button"}}},{"id":"si323398","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323411","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2876","class":"TODO::Senthil","instance":"Button_2876","roles":{"click":{"subtype":"button"}}},{"id":"si323449","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323462","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2562","class":"TODO::Senthil","instance":"Text_Caption_2562","title":"REVIEW - BUYER’S RIGHTS VS SELLER’S OBLIGATIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2563","class":"TODO::Senthil","instance":"Text_Caption_2563","title":"In terms of valuing option contracts, it is essentially all about determining the probabilities of future price events. The more likely something is to occur, the more expensive an option that profits from that event would be. For instance, a call value goes up as the stock (underlying) goes up. This is the key to understanding the relative value of options.  Volatility also increases the price of an option. This is because uncertainty pushes the odds of an outcome higher. If the volatility of the underlying asset increases, larger price swings increase the possibilities of substantial moves both up and down. Greater price swings will increase the chances of an event occurring. Therefore, the greater the volatility, the greater the price of the option. Options trading and volatility are intrinsically linked to each other in this way.  On most U.S. exchanges, a stock option contract is the option to buy or sell 100 shares; that's why you must multiply the contract premium by 100 to get the total amount you’ll have to spend to buy the call. ","roles":{"textData":{}}},{"id":"Image_1684","class":"TODO::Senthil","instance":"Image_1684","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323492","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1685","class":"TODO::Senthil","instance":"Image_1685","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323501","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1686","class":"TODO::Senthil","instance":"Image_1686","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323510","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2877","class":"TODO::Senthil","instance":"Button_2877","roles":{"click":{"subtype":"button"}}},{"id":"si323553","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323567","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide323583","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2875","si323398","si323411","Button_2876","si323449","si323462","Text_Caption_2562","Text_Caption_2563","Image_1684","Image_1685","Image_1686","Button_2877","si323553","si323567"],"roles":{"slide":{"durationInFrames":2448},"navigation":{"navid":"Slide323583"}}},{"id":"Button_2878","class":"TODO::Senthil","instance":"Button_2878","roles":{"click":{"subtype":"button"}}},{"id":"si323638","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323651","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2879","class":"TODO::Senthil","instance":"Button_2879","roles":{"click":{"subtype":"button"}}},{"id":"si323689","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323702","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2564","class":"TODO::Senthil","instance":"Text_Caption_2564","title":"REVIEW - BUYER’S RIGHTS VS SELLER’S OBLIGATIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2565","class":"TODO::Senthil","instance":"Text_Caption_2565","title":"Fluctuations in option prices can be explained by intrinsic value and extrinsic value, which is also known as time value.   An option's premium is the combination of its intrinsic value and time value. Intrinsic value is the in-the-money amount of an options contract, which, for a call option, is the amount above the strike price that the stock is trading.   Time Value Time value represents the added value an investor has to pay for an option above the intrinsic value. This is the extrinsic value or time value.  ","roles":{"textData":{}}},{"id":"Image_1687","class":"TODO::Senthil","instance":"Image_1687","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323732","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1688","class":"TODO::Senthil","instance":"Image_1688","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323741","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1689","class":"TODO::Senthil","instance":"Image_1689","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323750","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2880","class":"TODO::Senthil","instance":"Button_2880","roles":{"click":{"subtype":"button"}}},{"id":"si323793","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323807","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide323823","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2878","si323638","si323651","Button_2879","si323689","si323702","Text_Caption_2564","Text_Caption_2565","Image_1687","Image_1688","Image_1689","Button_2880","si323793","si323807"],"roles":{"slide":{"durationInFrames":1275},"navigation":{"navid":"Slide323823"}}},{"id":"Button_2744","class":"TODO::Senthil","instance":"Button_2744","roles":{"click":{"subtype":"button"}}},{"id":"si304215","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304228","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2745","class":"TODO::Senthil","instance":"Button_2745","roles":{"click":{"subtype":"button"}}},{"id":"si304266","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304279","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2441","class":"TODO::Senthil","instance":"Text_Caption_2441","title":"Call Options & Put Options ","roles":{"textData":{}}},{"id":"Line_81","class":"TODO::Senthil","instance":"Line_81","roles":{}},{"id":"Image_1601","class":"TODO::Senthil","instance":"Image_1601","roles":{"click":{"subtype":"button"},"question":{"interactionId":"304314","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2746","class":"TODO::Senthil","instance":"Button_2746","roles":{"click":{"subtype":"button"}}},{"id":"si304357","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304371","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide304387","class":"Normal Slide","instance":"Call Options & Put Options","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2744","si304215","si304228","Button_2745","si304266","si304279","Text_Caption_2441","Image_1601","Button_2746","si304357","si304371"],"roles":{"slide":{"durationInFrames":123},"navigation":{"navid":"Slide304387"}}},{"id":"Button_2759","class":"TODO::Senthil","instance":"Button_2759","roles":{"click":{"subtype":"button"}}},{"id":"si305351","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305364","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2760","class":"TODO::Senthil","instance":"Button_2760","roles":{"click":{"subtype":"button"}}},{"id":"si305402","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305415","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2451","class":"TODO::Senthil","instance":"Text_Caption_2451","title":"Classification Options may be grouped into three basic classifications: ","roles":{"textData":{}}},{"id":"Button_2761","class":"TODO::Senthil","instance":"Button_2761","roles":{"click":{"subtype":"button"}}},{"id":"si305472","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305486","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2452","class":"TODO::Senthil","instance":"Text_Caption_2452","title":"Type - which refers to an option as being either a call or a put. Class - which refers to all option contracts of the same type and covering the same underlying futures contract. For example, all T-bond call options (regardless of their exercise price or expiration date). Series - which refers to all option contracts of the same class, with the same exercise price, and the same expiration date. For example, a Comex gold April 400 call.   ","roles":{"textData":{}}},{"id":"Text_Caption_2453","class":"TODO::Senthil","instance":"Text_Caption_2453","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Image_1608","class":"TODO::Senthil","instance":"Image_1608","roles":{"click":{"subtype":"button"},"question":{"interactionId":"305501","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide305524","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2759","si305351","si305364","Button_2760","si305402","si305415","Text_Caption_2451","Button_2761","si305472","si305486","Text_Caption_2452","Text_Caption_2453","Image_1608"],"roles":{"slide":{"durationInFrames":1365},"navigation":{"navid":"Slide305524"}}},{"id":"Button_2747","class":"TODO::Senthil","instance":"Button_2747","roles":{"click":{"subtype":"button"}}},{"id":"si304440","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304453","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2748","class":"TODO::Senthil","instance":"Button_2748","roles":{"click":{"subtype":"button"}}},{"id":"si304491","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304504","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2442","class":"TODO::Senthil","instance":"Text_Caption_2442","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2443","class":"TODO::Senthil","instance":"Text_Caption_2443","title":"There are two classes of options—call options and put options. Both types are traded in the same delivery months as the underlying futures contract. The price that's paid for a put or call option is referred to as the premium and is established in open competitive trading on the floor of the exchanges on which the options trade.  What is a Call Option? A call is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price).  ","roles":{"textData":{}}},{"id":"Button_2749","class":"TODO::Senthil","instance":"Button_2749","roles":{"click":{"subtype":"button"}}},{"id":"si304565","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304579","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1602","class":"TODO::Senthil","instance":"Image_1602","roles":{"click":{"subtype":"button"},"question":{"interactionId":"304584","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide304608","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2747","si304440","si304453","Button_2748","si304491","si304504","Text_Caption_2442","Text_Caption_2443","Button_2749","si304565","si304579","Image_1602"],"roles":{"slide":{"durationInFrames":1404},"navigation":{"navid":"Slide304608"}}},{"id":"Button_2753","class":"TODO::Senthil","instance":"Button_2753","roles":{"click":{"subtype":"button"}}},{"id":"si304887","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304900","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2754","class":"TODO::Senthil","instance":"Button_2754","roles":{"click":{"subtype":"button"}}},{"id":"si304938","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304951","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2447","class":"TODO::Senthil","instance":"Text_Caption_2447","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2448","class":"TODO::Senthil","instance":"Text_Caption_2448","title":"Peter is a potential homeowner. He sees a new development going up. He may want the right to purchase a home in the future but will only want to exercise that right after certain developments around the area are built.  Peter would benefit from the option of buying or not. He can buy a call option from the developer to buy the home at $400,000 at any point in the next three years. It’s known as a non-refundable deposit. Naturally, the developer wouldn’t grant such an option for free. Peter needs to contribute a down payment to lock in that right.  With respect to an option, this cost is known as the premium. It is the price of the option contract. In Peter’s case, the deposit was $20,000 that he pays the developer.   Let’s say two years have passed, and now the developments are built and zoning has been approved. Peter exercises the option and buys the home for $400,000 because that is the contract purchased. ","roles":{"textData":{}}},{"id":"Button_2755","class":"TODO::Senthil","instance":"Button_2755","roles":{"click":{"subtype":"button"}}},{"id":"si305012","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305026","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1606","class":"TODO::Senthil","instance":"Image_1606","roles":{"click":{"subtype":"button"},"question":{"interactionId":"305071","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide305055","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2753","si304887","si304900","Button_2754","si304938","si304951","Text_Caption_2447","Text_Caption_2448","Button_2755","si305012","si305026","Image_1606"],"roles":{"slide":{"durationInFrames":2226},"navigation":{"navid":"Slide305055"}}},{"id":"Button_2756","class":"TODO::Senthil","instance":"Button_2756","roles":{"click":{"subtype":"button"}}},{"id":"si305131","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305144","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2757","class":"TODO::Senthil","instance":"Button_2757","roles":{"click":{"subtype":"button"}}},{"id":"si305182","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305195","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2449","class":"TODO::Senthil","instance":"Text_Caption_2449","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2450","class":"TODO::Senthil","instance":"Text_Caption_2450","title":"The market value of the home has doubled to $800,000.   But because the down payment locked in a predetermined price, Peter pays $400,000.   Now, in an alternate scenario, say the zoning approval doesn’t come through until year four. This is one year past the expiration of this option. Now Peter must pay the market price because the contract has expired.   In either case, the developer keeps the original $20,000 collected. ","roles":{"textData":{}}},{"id":"Button_2758","class":"TODO::Senthil","instance":"Button_2758","roles":{"click":{"subtype":"button"}}},{"id":"si305256","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305270","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1607","class":"TODO::Senthil","instance":"Image_1607","roles":{"click":{"subtype":"button"},"question":{"interactionId":"305275","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide305298","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2756","si305131","si305144","Button_2757","si305182","si305195","Text_Caption_2449","Text_Caption_2450","Button_2758","si305256","si305270","Image_1607"],"roles":{"slide":{"durationInFrames":1113},"navigation":{"navid":"Slide305298"}}},{"id":"Button_2750","class":"TODO::Senthil","instance":"Button_2750","roles":{"click":{"subtype":"button"}}},{"id":"si304661","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304674","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2751","class":"TODO::Senthil","instance":"Button_2751","roles":{"click":{"subtype":"button"}}},{"id":"si304712","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304725","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2444","class":"TODO::Senthil","instance":"Text_Caption_2444","title":"What is a Put Option? A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price).   The put and call options can be exercised at any time before the expiration date. Options will be traded on an expiration cycle based on the expiration cycle of the underlying futures contract. ","roles":{"textData":{}}},{"id":"Button_2752","class":"TODO::Senthil","instance":"Button_2752","roles":{"click":{"subtype":"button"}}},{"id":"si304782","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si304796","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2446","class":"TODO::Senthil","instance":"Text_Caption_2446","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Image_1603","class":"TODO::Senthil","instance":"Image_1603","roles":{"click":{"subtype":"button"},"question":{"interactionId":"304811","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide304834","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2750","si304661","si304674","Button_2751","si304712","si304725","Text_Caption_2444","Button_2752","si304782","si304796","Text_Caption_2446","Image_1603"],"roles":{"slide":{"durationInFrames":1110},"navigation":{"navid":"Slide304834"}}},{"id":"Button_2762","class":"TODO::Senthil","instance":"Button_2762","roles":{"click":{"subtype":"button"}}},{"id":"si305577","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305590","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2763","class":"TODO::Senthil","instance":"Button_2763","roles":{"click":{"subtype":"button"}}},{"id":"si305628","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305641","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2454","class":"TODO::Senthil","instance":"Text_Caption_2454","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2455","class":"TODO::Senthil","instance":"Text_Caption_2455","title":"Think of a put option as an insurance policy. If you own your home, you are likely familiar with the process of purchasing homeowners insurance. A homeowner buys a homeowners policy to protect their home from damage. They pay an amount called a premium for a certain amount of time, let’s say a year. The policy has a face value and gives the insurance holder protection in the event the home is damaged.  What if, instead of a home, your asset was a stock or index investment? Similarly, if an investor wants insurance on their S&P 500 index portfolio, they can purchase put options.   An investor may fear that a bear market is near and may be unwilling to lose more than 10% of their long position in the S&P 500 index. If the S&P 500 is currently trading at $2,500, they can purchase a put option giving them the right to sell the index at $2,250, for example, at any point in the next two years.  If in six months the market crashes by 20% (500 points on the index), they have made 250 points by being able to sell the index at $2,250 when it is trading at $2,000—a combined loss of just 10%. In fact, even if the market drops to zero, the loss would only be 10% if this put option is held. Again, purchasing the option will carry a cost (the premium), and if the market doesn’t drop during that period, the maximum loss on the option is just the premium spent. ","roles":{"textData":{}}},{"id":"Button_2764","class":"TODO::Senthil","instance":"Button_2764","roles":{"click":{"subtype":"button"}}},{"id":"si305702","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305716","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1609","class":"TODO::Senthil","instance":"Image_1609","roles":{"click":{"subtype":"button"},"question":{"interactionId":"305721","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide305744","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2762","si305577","si305590","Button_2763","si305628","si305641","Text_Caption_2454","Text_Caption_2455","Button_2764","si305702","si305716","Image_1609"],"roles":{"slide":{"durationInFrames":3462},"navigation":{"navid":"Slide305744"}}},{"id":"Button_2765","class":"TODO::Senthil","instance":"Button_2765","roles":{"click":{"subtype":"button"}}},{"id":"si305797","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305810","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2766","class":"TODO::Senthil","instance":"Button_2766","roles":{"click":{"subtype":"button"}}},{"id":"si305848","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305861","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2456","class":"TODO::Senthil","instance":"Text_Caption_2456","title":"Uses of Call and Puts Options Call options and put options are used in a variety of situations. The table below outlines some use cases for call and put options. ","roles":{"textData":{}}},{"id":"Button_2767","class":"TODO::Senthil","instance":"Button_2767","roles":{"click":{"subtype":"button"}}},{"id":"si305918","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si305932","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2457","class":"TODO::Senthil","instance":"Text_Caption_2457","title":"CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Image_1611","class":"TODO::Senthil","instance":"Image_1611","roles":{"click":{"subtype":"button"},"question":{"interactionId":"305971","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide305965","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2765","si305797","si305810","Button_2766","si305848","si305861","Text_Caption_2456","Button_2767","si305918","si305932","Text_Caption_2457","Image_1611"],"roles":{"slide":{"durationInFrames":2655},"navigation":{"navid":"Slide305965"}}},{"id":"Text_Caption_2523","class":"TODO::Senthil","instance":"Text_Caption_2523","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1639","class":"TODO::Senthil","instance":"Image_1639","roles":{"click":{"subtype":"button","question":"Slide313729q3"},"question":{"interactionId":"313547","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si313566","class":"TODO::Senthil","instance":"Text_Caption_572","title":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price). ","roles":{"textData":{}}},{"id":"si313577","class":"TODO::Senthil","instance":"Text_Caption_573","title":"A) ","roles":{"textData":{}}},{"id":"si313581","class":"TODO::Senthil","instance":"Text_Caption_574","title":"True ","roles":{"textData":{}}},{"id":"si313577_a","class":"TODO::Senthil","instance":"68_81","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si313588","class":"TODO::Senthil","instance":"Text_Caption_575","title":"B) ","roles":{"textData":{}}},{"id":"si313592","class":"TODO::Senthil","instance":"Text_Caption_576","title":"False ","roles":{"textData":{}}},{"id":"si313588_a","class":"TODO::Senthil","instance":"70_82","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si313627","class":"TODO::Senthil","instance":"Button_187","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313729q3","for":"Slide313729q3"},"textData":{}}},{"id":"si313639","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313729q3","for":"Slide313729q3"},"textData":{}}},{"id":"si313651","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313729q3","for":"Slide313729q3"},"textData":{}}},{"id":"si313683","class":"TODO::Senthil","instance":"Text_Caption_549","title":"Incorrect - The correct answer is False. A call, not a put, is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price). Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si313715","class":"TODO::Senthil","instance":"Text_Caption_577","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide313729","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2523","Image_1639","si313566","si313581","si313592","si313627","si313639","si313651"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide313729"},"question":{"interactionId":"313519","quizId":733,"title":"True/False","text":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price).\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["B"]}}},{"id":"Text_Caption_2524","class":"TODO::Senthil","instance":"Text_Caption_2524","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1640","class":"TODO::Senthil","instance":"Image_1640","roles":{"click":{"subtype":"button","question":"Slide313958q4"},"question":{"interactionId":"313776","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si313795","class":"TODO::Senthil","instance":"Text_Caption_578","title":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price). ","roles":{"textData":{}}},{"id":"si313806","class":"TODO::Senthil","instance":"Text_Caption_579","title":"A) ","roles":{"textData":{}}},{"id":"si313810","class":"TODO::Senthil","instance":"Text_Caption_580","title":"True ","roles":{"textData":{}}},{"id":"si313806_a","class":"TODO::Senthil","instance":"68_83","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si313817","class":"TODO::Senthil","instance":"Text_Caption_581","title":"B) ","roles":{"textData":{}}},{"id":"si313821","class":"TODO::Senthil","instance":"Text_Caption_582","title":"False ","roles":{"textData":{}}},{"id":"si313817_a","class":"TODO::Senthil","instance":"70_84","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si313856","class":"TODO::Senthil","instance":"Button_188","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313958q4","for":"Slide313958q4"},"textData":{}}},{"id":"si313868","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313958q4","for":"Slide313958q4"},"textData":{}}},{"id":"si313880","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide313958q4","for":"Slide313958q4"},"textData":{}}},{"id":"si313912","class":"TODO::Senthil","instance":"Text_Caption_583","title":"Incorrect - The correct answer is True. A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price). Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si313944","class":"TODO::Senthil","instance":"Text_Caption_584","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide313958","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2524","Image_1640","si313795","si313810","si313821","si313856","si313868","si313880"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide313958"},"question":{"interactionId":"313744","quizId":733,"title":"True/False","text":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price).\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2881","class":"TODO::Senthil","instance":"Button_2881","roles":{"click":{"subtype":"button"}}},{"id":"si323878","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323891","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2882","class":"TODO::Senthil","instance":"Button_2882","roles":{"click":{"subtype":"button"}}},{"id":"si323929","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si323942","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2566","class":"TODO::Senthil","instance":"Text_Caption_2566","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2567","class":"TODO::Senthil","instance":"Text_Caption_2567","title":"Call Options & Put Options ","roles":{"textData":{}}},{"id":"Line_88","class":"TODO::Senthil","instance":"Line_88","roles":{}},{"id":"Image_1690","class":"TODO::Senthil","instance":"Image_1690","roles":{"click":{"subtype":"button"},"question":{"interactionId":"323977","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2883","class":"TODO::Senthil","instance":"Button_2883","roles":{"click":{"subtype":"button"}}},{"id":"si324020","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324034","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide324050","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2881","si323878","si323891","Button_2882","si323929","si323942","Text_Caption_2566","Text_Caption_2567","Image_1690","Button_2883","si324020","si324034"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide324050"}}},{"id":"Button_2884","class":"TODO::Senthil","instance":"Button_2884","roles":{"click":{"subtype":"button"}}},{"id":"si324105","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324118","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2885","class":"TODO::Senthil","instance":"Button_2885","roles":{"click":{"subtype":"button"}}},{"id":"si324156","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324169","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2568","class":"TODO::Senthil","instance":"Text_Caption_2568","title":"REVIEW - CALL OPTIONS & PUT OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2569","class":"TODO::Senthil","instance":"Text_Caption_2569","title":"Options may be grouped into three basic classifications: Type - which refers to an option as being either a call or a put. Class - which refers to all option contracts of the same type and covering the same underlying futures contract. For example, all T-bond call options (regardless of their exercise price or expiration date). Series - which refers to all option contracts of the same class, with the same exercise price, and the same expiration date. For example, a Comex gold April 400 call.  A call is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price).  A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price).     ","roles":{"textData":{}}},{"id":"Image_1691","class":"TODO::Senthil","instance":"Image_1691","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324199","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1692","class":"TODO::Senthil","instance":"Image_1692","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324208","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1693","class":"TODO::Senthil","instance":"Image_1693","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324217","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2886","class":"TODO::Senthil","instance":"Button_2886","roles":{"click":{"subtype":"button"}}},{"id":"si324260","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324274","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide324290","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2884","si324105","si324118","Button_2885","si324156","si324169","Text_Caption_2568","Text_Caption_2569","Image_1691","Image_1692","Image_1693","Button_2886","si324260","si324274"],"roles":{"slide":{"durationInFrames":2343},"navigation":{"navid":"Slide324290"}}},{"id":"Button_2732","class":"TODO::Senthil","instance":"Button_2732","roles":{"click":{"subtype":"button"}}},{"id":"si303176","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303189","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2733","class":"TODO::Senthil","instance":"Button_2733","roles":{"click":{"subtype":"button"}}},{"id":"si303227","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303240","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2430","class":"TODO::Senthil","instance":"Text_Caption_2430","title":"How to Trade Options ","roles":{"textData":{}}},{"id":"Line_80","class":"TODO::Senthil","instance":"Line_80","roles":{}},{"id":"Image_1593","class":"TODO::Senthil","instance":"Image_1593","roles":{"click":{"subtype":"button"},"question":{"interactionId":"303275","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2734","class":"TODO::Senthil","instance":"Button_2734","roles":{"click":{"subtype":"button"}}},{"id":"si303318","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si303332","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide303348","class":"Normal Slide","instance":"How to Trade Options","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2732","si303176","si303189","Button_2733","si303227","si303240","Text_Caption_2430","Image_1593","Button_2734","si303318","si303332"],"roles":{"slide":{"durationInFrames":129},"navigation":{"navid":"Slide303348"}}},{"id":"Button_2768","class":"TODO::Senthil","instance":"Button_2768","roles":{"click":{"subtype":"button"}}},{"id":"si306039","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306052","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2769","class":"TODO::Senthil","instance":"Button_2769","roles":{"click":{"subtype":"button"}}},{"id":"si306090","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306103","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2458","class":"TODO::Senthil","instance":"Text_Caption_2458","title":"Trading Options for Qualified Customers Many brokers today allow access to options trading for qualified customers. If you want access to options trading, you will have to be approved for both margin and options with your broker. Once approved, there are four basic things you can do with options:  Buy (long) calls  Sell (short) calls  Buy (long) puts  Sell (short) puts ","roles":{"textData":{}}},{"id":"Button_2770","class":"TODO::Senthil","instance":"Button_2770","roles":{"click":{"subtype":"button"}}},{"id":"si306160","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306174","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2459","class":"TODO::Senthil","instance":"Text_Caption_2459","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1613","class":"TODO::Senthil","instance":"Image_1613","roles":{"click":{"subtype":"button"},"question":{"interactionId":"306213","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide306207","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2768","si306039","si306052","Button_2769","si306090","si306103","Text_Caption_2458","Button_2770","si306160","si306174","Text_Caption_2459","Image_1613"],"roles":{"slide":{"durationInFrames":969},"navigation":{"navid":"Slide306207"}}},{"id":"Button_2771","class":"TODO::Senthil","instance":"Button_2771","roles":{"click":{"subtype":"button"}}},{"id":"si306294","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306307","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2772","class":"TODO::Senthil","instance":"Button_2772","roles":{"click":{"subtype":"button"}}},{"id":"si306345","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306358","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2461","class":"TODO::Senthil","instance":"Text_Caption_2461","title":"Buying a call option gives you a potential long position in the underlying stock.   Short-selling a stock gives you a short position.   Selling a naked or uncovered call gives you a potential short position in the underlying stock.  Buying a put option gives you a potential short position in the underlying stock.   Selling a naked or unmarried put gives you a potential long position in the underlying stock.   Keeping these scenarios straight is crucial.  People who buy options are called holders.  People who sell options are called writers of options.  ","roles":{"textData":{}}},{"id":"Button_2773","class":"TODO::Senthil","instance":"Button_2773","roles":{"click":{"subtype":"button"}}},{"id":"si306415","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306429","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2462","class":"TODO::Senthil","instance":"Text_Caption_2462","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1614","class":"TODO::Senthil","instance":"Image_1614","roles":{"click":{"subtype":"button"},"question":{"interactionId":"306438","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide306466","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2771","si306294","si306307","Button_2772","si306345","si306358","Text_Caption_2461","Button_2773","si306415","si306429","Text_Caption_2462","Image_1614"],"roles":{"slide":{"durationInFrames":1344},"navigation":{"navid":"Slide306466"}}},{"id":"Text_Caption_2525","class":"TODO::Senthil","instance":"Text_Caption_2525","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1641","class":"TODO::Senthil","instance":"Image_1641","roles":{"click":{"subtype":"button","question":"Slide314187q5"},"question":{"interactionId":"314005","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si314024","class":"TODO::Senthil","instance":"Text_Caption_585","title":"People who buy options are called holders and people who sell options are called writers of options. ","roles":{"textData":{}}},{"id":"si314035","class":"TODO::Senthil","instance":"Text_Caption_586","title":"A) ","roles":{"textData":{}}},{"id":"si314039","class":"TODO::Senthil","instance":"Text_Caption_587","title":"True ","roles":{"textData":{}}},{"id":"si314035_a","class":"TODO::Senthil","instance":"68_85","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si314046","class":"TODO::Senthil","instance":"Text_Caption_588","title":"B) ","roles":{"textData":{}}},{"id":"si314050","class":"TODO::Senthil","instance":"Text_Caption_589","title":"False ","roles":{"textData":{}}},{"id":"si314046_a","class":"TODO::Senthil","instance":"70_86","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si314085","class":"TODO::Senthil","instance":"Button_189","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314187q5","for":"Slide314187q5"},"textData":{}}},{"id":"si314097","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314187q5","for":"Slide314187q5"},"textData":{}}},{"id":"si314109","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314187q5","for":"Slide314187q5"},"textData":{}}},{"id":"si314141","class":"TODO::Senthil","instance":"Text_Caption_590","title":"Incorrect - The correct answer is True. People who buy options are called holders and people who sell options are called writers of options. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si314173","class":"TODO::Senthil","instance":"Text_Caption_591","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide314187","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2525","Image_1641","si314024","si314039","si314050","si314085","si314097","si314109"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide314187"},"question":{"interactionId":"313977","quizId":733,"title":"True/False","text":"People who buy options are called holders and people who sell options are called writers of options.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2774","class":"TODO::Senthil","instance":"Button_2774","roles":{"click":{"subtype":"button"}}},{"id":"si306519","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306532","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2775","class":"TODO::Senthil","instance":"Button_2775","roles":{"click":{"subtype":"button"}}},{"id":"si306570","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306583","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2464","class":"TODO::Senthil","instance":"Text_Caption_2464","title":"Here is the important distinction between holders and writers:  Call holders and put holders (buyers) are not obligated to buy or sell. They have the choice to exercise their rights. This limits the risk of buyers of options to only the premium spent.  Call writers and put writers (sellers), however, are obligated to buy or sell if the option expires in the money. This means that a seller may be required to make good on a promise to buy or sell. It also implies that option sellers have exposure to more—and in some cases, unlimited—risks. This means writers can lose much more than the price of the options premium. ","roles":{"textData":{}}},{"id":"Button_2776","class":"TODO::Senthil","instance":"Button_2776","roles":{"click":{"subtype":"button"}}},{"id":"si306640","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306654","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2465","class":"TODO::Senthil","instance":"Text_Caption_2465","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1615","class":"TODO::Senthil","instance":"Image_1615","roles":{"click":{"subtype":"button"},"question":{"interactionId":"306663","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide306686","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2774","si306519","si306532","Button_2775","si306570","si306583","Text_Caption_2464","Button_2776","si306640","si306654","Text_Caption_2465","Image_1615"],"roles":{"slide":{"durationInFrames":1563},"navigation":{"navid":"Slide306686"}}},{"id":"Button_2777","class":"TODO::Senthil","instance":"Button_2777","roles":{"click":{"subtype":"button"}}},{"id":"si306739","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306752","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2778","class":"TODO::Senthil","instance":"Button_2778","roles":{"click":{"subtype":"button"}}},{"id":"si306790","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306803","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2467","class":"TODO::Senthil","instance":"Text_Caption_2467","title":"Becky purchased 100 shares of No Brainer Software Company stock, betting that its price will increase to $20. Her total investment is $1,000.   To hedge against the risk that the price might decline, Becky purchased one put option (each options contract represents 100 shares of underlying stock) with a strike price of 10, each worth $2 (for a total of $200).  The price of the stock increases to $20. In this scenario, Becky’s put option expires worthless. But her losses are limited to the premium she paid (in this case, $200).   If the price declines (as Becky bet it would in her put option), then her maximum gains are also capped. This is because the stock price cannot fall below zero, and therefore, she cannot make more money than the amount she makes after the stock’s price falls to zero. ","roles":{"textData":{}}},{"id":"Button_2779","class":"TODO::Senthil","instance":"Button_2779","roles":{"click":{"subtype":"button"}}},{"id":"si306864","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306878","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1616","class":"TODO::Senthil","instance":"Image_1616","roles":{"click":{"subtype":"button"},"question":{"interactionId":"306883","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2518","class":"TODO::Senthil","instance":"Text_Caption_2518","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Slide306906","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2777","si306739","si306752","Button_2778","si306790","si306803","Text_Caption_2467","Button_2779","si306864","si306878","Image_1616","Text_Caption_2518"],"roles":{"slide":{"durationInFrames":2118},"navigation":{"navid":"Slide306906"}}},{"id":"Button_2780","class":"TODO::Senthil","instance":"Button_2780","roles":{"click":{"subtype":"button"}}},{"id":"si306959","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si306972","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2781","class":"TODO::Senthil","instance":"Button_2781","roles":{"click":{"subtype":"button"}}},{"id":"si307010","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307023","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2469","class":"TODO::Senthil","instance":"Text_Caption_2469","title":"Now, consider this situation. No Brainer Software Company stock has declined to $5.   To hedge against this position, you purchase call stock options, betting that the stock’s price will increase to $20.   What happens if the stock’s price declines to $5?   Your call options will expire worthless and you will have losses worth $200. There are no upper limits on No Brainer Software Company price after it takes off. Theoretically, No Brainer Software Company can go all the way to $100,000 or higher.   Therefore, your gains are not capped and are unlimited. ","roles":{"textData":{}}},{"id":"Button_2782","class":"TODO::Senthil","instance":"Button_2782","roles":{"click":{"subtype":"button"}}},{"id":"si307084","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307098","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1617","class":"TODO::Senthil","instance":"Image_1617","roles":{"click":{"subtype":"button"},"question":{"interactionId":"307103","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2519","class":"TODO::Senthil","instance":"Text_Caption_2519","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Slide307126","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2780","si306959","si306972","Button_2781","si307010","si307023","Text_Caption_2469","Button_2782","si307084","si307098","Image_1617","Text_Caption_2519"],"roles":{"slide":{"durationInFrames":1386},"navigation":{"navid":"Slide307126"}}},{"id":"Button_2783","class":"TODO::Senthil","instance":"Button_2783","roles":{"click":{"subtype":"button"}}},{"id":"si307179","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307192","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2784","class":"TODO::Senthil","instance":"Button_2784","roles":{"click":{"subtype":"button"}}},{"id":"si307230","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307243","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2470","class":"TODO::Senthil","instance":"Text_Caption_2470","title":"The table below summarizes gains and losses for options buyers. ","roles":{"textData":{}}},{"id":"Button_2785","class":"TODO::Senthil","instance":"Button_2785","roles":{"click":{"subtype":"button"}}},{"id":"si307300","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307314","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2471","class":"TODO::Senthil","instance":"Text_Caption_2471","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1619","class":"TODO::Senthil","instance":"Image_1619","roles":{"click":{"subtype":"button"},"question":{"interactionId":"307352","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide307346","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2783","si307179","si307192","Button_2784","si307230","si307243","Text_Caption_2470","Button_2785","si307300","si307314","Text_Caption_2471","Image_1619"],"roles":{"slide":{"durationInFrames":615},"navigation":{"navid":"Slide307346"}}},{"id":"Button_2786","class":"TODO::Senthil","instance":"Button_2786","roles":{"click":{"subtype":"button"}}},{"id":"si307436","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307449","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2787","class":"TODO::Senthil","instance":"Button_2787","roles":{"click":{"subtype":"button"}}},{"id":"si307487","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307500","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2472","class":"TODO::Senthil","instance":"Text_Caption_2472","title":"Using Long Calls As the name indicates, going long on a call involves buying call options, betting that the price of the underlying asset will increase with time. For example, suppose a trader purchases a contract with 100 call options for a stock that's currently trading at $10. Each option is priced at $2. Therefore, the total investment in the contract is $200. The trader will recoup her costs when the stock’s price reaches $12.  Thereafter, the stock’s gains are profits for her. There are no upper bounds on the stock’s price, and it can go all the way up to $100,000 or even further. A $1 increase in the stock’s price doubles the trader’s profits because each option is worth $2. Therefore, a long call promises unlimited gains. If the stock goes in the opposite price direction (i.e., its price goes down instead of up), then the options expire worthless and the trader loses only $200. Long calls are useful strategies for investors when they are reasonably certain a given stock’s price will increase.     ","roles":{"textData":{}}},{"id":"Button_2788","class":"TODO::Senthil","instance":"Button_2788","roles":{"click":{"subtype":"button"}}},{"id":"si307557","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307571","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2473","class":"TODO::Senthil","instance":"Text_Caption_2473","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1620","class":"TODO::Senthil","instance":"Image_1620","roles":{"click":{"subtype":"button"},"question":{"interactionId":"307580","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2474","class":"TODO::Senthil","instance":"Text_Caption_2474","title":"USING LONG CALLS ","roles":{"textData":{}}},{"id":"Slide307603","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2786","si307436","si307449","Button_2787","si307487","si307500","Text_Caption_2472","Button_2788","si307557","si307571","Text_Caption_2473","Image_1620","Text_Caption_2474"],"roles":{"slide":{"durationInFrames":2550},"navigation":{"navid":"Slide307603"}}},{"id":"Text_Caption_2526","class":"TODO::Senthil","instance":"Text_Caption_2526","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1642","class":"TODO::Senthil","instance":"Image_1642","roles":{"click":{"subtype":"button","question":"Slide314416q6"},"question":{"interactionId":"314234","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si314253","class":"TODO::Senthil","instance":"Text_Caption_592","title":"Going long on a call involves buying call options, betting that the price of the underlying asset will increase with time. ","roles":{"textData":{}}},{"id":"si314264","class":"TODO::Senthil","instance":"Text_Caption_593","title":"A) ","roles":{"textData":{}}},{"id":"si314268","class":"TODO::Senthil","instance":"Text_Caption_594","title":"True ","roles":{"textData":{}}},{"id":"si314264_a","class":"TODO::Senthil","instance":"68_87","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si314275","class":"TODO::Senthil","instance":"Text_Caption_595","title":"B) ","roles":{"textData":{}}},{"id":"si314279","class":"TODO::Senthil","instance":"Text_Caption_596","title":"False ","roles":{"textData":{}}},{"id":"si314275_a","class":"TODO::Senthil","instance":"70_88","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si314314","class":"TODO::Senthil","instance":"Button_190","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314416q6","for":"Slide314416q6"},"textData":{}}},{"id":"si314326","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314416q6","for":"Slide314416q6"},"textData":{}}},{"id":"si314338","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314416q6","for":"Slide314416q6"},"textData":{}}},{"id":"si314370","class":"TODO::Senthil","instance":"Text_Caption_597","title":"Incorrect - The correct answer is True. Going long on a call involves buying call options, betting that the price of the underlying asset will increase with time. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si314402","class":"TODO::Senthil","instance":"Text_Caption_598","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide314416","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2526","Image_1642","si314253","si314268","si314279","si314314","si314326","si314338"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide314416"},"question":{"interactionId":"314202","quizId":733,"title":"True/False","text":"Going long on a call involves buying call options, betting that the price of the underlying asset will increase with time.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2789","class":"TODO::Senthil","instance":"Button_2789","roles":{"click":{"subtype":"button"}}},{"id":"si307698","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307711","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2790","class":"TODO::Senthil","instance":"Button_2790","roles":{"click":{"subtype":"button"}}},{"id":"si307749","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307762","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2475","class":"TODO::Senthil","instance":"Text_Caption_2475","title":"Writing Covered Calls In a short call, the trader is on the opposite side of the trade (i.e., they sell a call option as opposed to buying one), betting that the price of a stock will decrease in a certain time frame. Because it is a naked call, a short call can have unlimited gains because if the price goes the trader’s way, then they could rake in money from call buyers.  But writing a call without owning actual stock can also mean significant losses for the trader because, if the price doesn’t go in the planned direction, then they would have to spend a considerable sum to purchase and deliver the stock at inflated prices. ","roles":{"textData":{}}},{"id":"Button_2791","class":"TODO::Senthil","instance":"Button_2791","roles":{"click":{"subtype":"button"}}},{"id":"si307819","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si307833","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2476","class":"TODO::Senthil","instance":"Text_Caption_2476","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1621","class":"TODO::Senthil","instance":"Image_1621","roles":{"click":{"subtype":"button"},"question":{"interactionId":"307842","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2477","class":"TODO::Senthil","instance":"Text_Caption_2477","title":"WRITING COVERED CALLS ","roles":{"textData":{}}},{"id":"Text_Caption_2481","class":"TODO::Senthil","instance":"Text_Caption_2481","title":"A covered call limits their losses. In a covered call, the trader already owns the underlying asset. They don’t need to purchase the asset if its price goes in the opposite direction. A covered call limits losses and gains because the maximum profit is limited to the amount of premiums collected.   Covered calls writers can buy back the options when they are close to in the money. Experienced traders use covered calls to generate income from their stock holdings and balance out tax gains made from other trades.       ","roles":{"textData":{}}},{"id":"Slide307869","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2789","si307698","si307711","Button_2790","si307749","si307762","Text_Caption_2475","Button_2791","si307819","si307833","Text_Caption_2476","Image_1621","Text_Caption_2477","Text_Caption_2481"],"roles":{"slide":{"durationInFrames":2493},"navigation":{"navid":"Slide307869"}}},{"id":"Button_2795","class":"TODO::Senthil","instance":"Button_2795","roles":{"click":{"subtype":"button"}}},{"id":"si308168","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308181","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2796","class":"TODO::Senthil","instance":"Button_2796","roles":{"click":{"subtype":"button"}}},{"id":"si308219","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308232","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2482","class":"TODO::Senthil","instance":"Text_Caption_2482","title":"Long Puts A long put is similar to a long call except that the trader will buy puts, betting that the underlying stock’s price will decrease. Suppose a trader purchases a one 10-strike put option (representing the right to sell 100 shares at $10) for a stock trading at $20. Each option is priced at a premium of $2. Therefore, the total investment in the contract is $200. The trader will recoup those costs when the stock’s price falls to $8 ($10 strike - $2 premium).  Thereafter, the stock’s losses mean profits for the trader. But these profits are capped because the stock’s price cannot fall below zero. The losses are also capped because the trader can let the options expire worthless if prices move in the opposite direction. Therefore, the maximum losses that the trader will experience are limited to the premium amounts paid. Long puts are useful for investors when they are reasonably certain that a stock’s price will move in their desired direction. ","roles":{"textData":{}}},{"id":"Button_2797","class":"TODO::Senthil","instance":"Button_2797","roles":{"click":{"subtype":"button"}}},{"id":"si308289","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308303","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2483","class":"TODO::Senthil","instance":"Text_Caption_2483","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1623","class":"TODO::Senthil","instance":"Image_1623","roles":{"click":{"subtype":"button"},"question":{"interactionId":"308312","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2484","class":"TODO::Senthil","instance":"Text_Caption_2484","title":"LONG PUTS ","roles":{"textData":{}}},{"id":"Slide308344","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2795","si308168","si308181","Button_2796","si308219","si308232","Text_Caption_2482","Button_2797","si308289","si308303","Text_Caption_2483","Image_1623","Text_Caption_2484"],"roles":{"slide":{"durationInFrames":2376},"navigation":{"navid":"Slide308344"}}},{"id":"Text_Caption_2527","class":"TODO::Senthil","instance":"Text_Caption_2527","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1643","class":"TODO::Senthil","instance":"Image_1643","roles":{"click":{"subtype":"button","question":"Slide314645q7"},"question":{"interactionId":"314463","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si314482","class":"TODO::Senthil","instance":"Text_Caption_599","title":"A long put is similar to a long call except that the trader will buy puts, betting that the underlying stock’s price will decrease. ","roles":{"textData":{}}},{"id":"si314493","class":"TODO::Senthil","instance":"Text_Caption_600","title":"A) ","roles":{"textData":{}}},{"id":"si314497","class":"TODO::Senthil","instance":"Text_Caption_601","title":"True ","roles":{"textData":{}}},{"id":"si314493_a","class":"TODO::Senthil","instance":"68_89","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si314504","class":"TODO::Senthil","instance":"Text_Caption_602","title":"B) ","roles":{"textData":{}}},{"id":"si314508","class":"TODO::Senthil","instance":"Text_Caption_603","title":"False ","roles":{"textData":{}}},{"id":"si314504_a","class":"TODO::Senthil","instance":"70_90","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si314543","class":"TODO::Senthil","instance":"Button_191","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314645q7","for":"Slide314645q7"},"textData":{}}},{"id":"si314555","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314645q7","for":"Slide314645q7"},"textData":{}}},{"id":"si314567","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314645q7","for":"Slide314645q7"},"textData":{}}},{"id":"si314599","class":"TODO::Senthil","instance":"Text_Caption_604","title":"Incorrect - The correct answer is True. A long put is similar to a long call except that the trader will buy puts, betting that the underlying stock’s price will decrease. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si314631","class":"TODO::Senthil","instance":"Text_Caption_605","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide314645","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2527","Image_1643","si314482","si314497","si314508","si314543","si314555","si314567"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide314645"},"question":{"interactionId":"314435","quizId":733,"title":"True/False","text":"A long put is similar to a long call except that the trader will buy puts, betting that the underlying stock’s price will decrease.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2801","class":"TODO::Senthil","instance":"Button_2801","roles":{"click":{"subtype":"button"}}},{"id":"si308621","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308634","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2802","class":"TODO::Senthil","instance":"Button_2802","roles":{"click":{"subtype":"button"}}},{"id":"si308672","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308685","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2489","class":"TODO::Senthil","instance":"Text_Caption_2489","title":"Short Puts In a short put, the trader will write an option betting on a price increase and sell it to buyers. In this case, the maximum gains for a trader are limited to the premium amount collected. However, the maximum losses can be unlimited because she will have to buy the underlying asset to fulfill her obligations if buyers decide to exercise their option.  Despite the prospect of unlimited losses, a short put can be a useful strategy if the trader is reasonably certain that the price will increase. The trader can buy back the option when its price is close to being in the money and generates income through the premium collected. ","roles":{"textData":{}}},{"id":"Button_2803","class":"TODO::Senthil","instance":"Button_2803","roles":{"click":{"subtype":"button"}}},{"id":"si308742","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308756","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2490","class":"TODO::Senthil","instance":"Text_Caption_2490","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1625","class":"TODO::Senthil","instance":"Image_1625","roles":{"click":{"subtype":"button"},"question":{"interactionId":"308765","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2491","class":"TODO::Senthil","instance":"Text_Caption_2491","title":"SHORT PUTS ","roles":{"textData":{}}},{"id":"Slide308792","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2801","si308621","si308634","Button_2802","si308672","si308685","Text_Caption_2489","Button_2803","si308742","si308756","Text_Caption_2490","Image_1625","Text_Caption_2491"],"roles":{"slide":{"durationInFrames":1515},"navigation":{"navid":"Slide308792"}}},{"id":"Text_Caption_2528","class":"TODO::Senthil","instance":"Text_Caption_2528","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1644","class":"TODO::Senthil","instance":"Image_1644","roles":{"click":{"subtype":"button","question":"Slide314874q8"},"question":{"interactionId":"314692","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si314711","class":"TODO::Senthil","instance":"Text_Caption_606","title":"In a short put, the trader will write an option betting on a price increase and sell it to buyers. ","roles":{"textData":{}}},{"id":"si314722","class":"TODO::Senthil","instance":"Text_Caption_607","title":"A) ","roles":{"textData":{}}},{"id":"si314726","class":"TODO::Senthil","instance":"Text_Caption_608","title":"True ","roles":{"textData":{}}},{"id":"si314722_a","class":"TODO::Senthil","instance":"68_91","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si314733","class":"TODO::Senthil","instance":"Text_Caption_609","title":"B) ","roles":{"textData":{}}},{"id":"si314737","class":"TODO::Senthil","instance":"Text_Caption_610","title":"False ","roles":{"textData":{}}},{"id":"si314733_a","class":"TODO::Senthil","instance":"70_92","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si314772","class":"TODO::Senthil","instance":"Button_192","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314874q8","for":"Slide314874q8"},"textData":{}}},{"id":"si314784","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314874q8","for":"Slide314874q8"},"textData":{}}},{"id":"si314796","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide314874q8","for":"Slide314874q8"},"textData":{}}},{"id":"si314828","class":"TODO::Senthil","instance":"Text_Caption_611","title":"Incorrect - The correct answer is True. In a short put, the trader will write an option betting on a price increase and sell it to buyers. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si314860","class":"TODO::Senthil","instance":"Text_Caption_612","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide314874","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2528","Image_1644","si314711","si314726","si314737","si314772","si314784","si314796"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide314874"},"question":{"interactionId":"314660","quizId":733,"title":"True/False","text":"In a short put, the trader will write an option betting on a price increase and sell it to buyers.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Image_1626","class":"TODO::Senthil","instance":"Image_1626","roles":{"click":{"subtype":"button"},"question":{"interactionId":"308989","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2804","class":"TODO::Senthil","instance":"Button_2804","roles":{"click":{"subtype":"button"}}},{"id":"si308845","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308858","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2805","class":"TODO::Senthil","instance":"Button_2805","roles":{"click":{"subtype":"button"}}},{"id":"si308896","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308909","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2492","class":"TODO::Senthil","instance":"Text_Caption_2492","title":"Combinations The simplest options position is a long call (or put) by itself. This position profits if the price of the underlying asset rises and your downside is limited to the loss of the option premium spent.  Straddle If you simultaneously buy a call and put option with the same strike and expiration, you’ve created a straddle. This position pays off if the underlying price rises or falls dramatically; however, if the price remains relatively stable, you lose premium on both the call and the put. You would enter this strategy if you expect a large move in the stock but are not sure in which direction.  Basically, you need the stock to have a move outside of a range. A similar strategy betting on an out-sized move in the securities when you expect high volatility (uncertainty) is to buy a call and buy a put with different strikes and the same expiration—known as a strangle. A strangle requires larger price moves in either direction to profit but is also less expensive than a straddle.  On the other hand, being short a straddle or a strangle (selling both options)  would profit from a market that doesn’t move much. ","roles":{"textData":{}}},{"id":"Button_2806","class":"TODO::Senthil","instance":"Button_2806","roles":{"click":{"subtype":"button"}}},{"id":"si308966","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si308980","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2493","class":"TODO::Senthil","instance":"Text_Caption_2493","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2494","class":"TODO::Senthil","instance":"Text_Caption_2494","title":"COMBINATIONS ","roles":{"textData":{}}},{"id":"Slide309016","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Image_1626","Button_2804","si308845","si308858","Button_2805","si308896","si308909","Text_Caption_2492","Button_2806","si308966","si308980","Text_Caption_2493","Text_Caption_2494"],"roles":{"slide":{"durationInFrames":2712},"navigation":{"navid":"Slide309016"}}},{"id":"Text_Caption_2529","class":"TODO::Senthil","instance":"Text_Caption_2529","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1645","class":"TODO::Senthil","instance":"Image_1645","roles":{"click":{"subtype":"button","question":"Slide315103q9"},"question":{"interactionId":"314921","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si314940","class":"TODO::Senthil","instance":"Text_Caption_613","title":"If you simultaneously buy a call and put option with the same strike and expiration, you’ve created a straddle. ","roles":{"textData":{}}},{"id":"si314951","class":"TODO::Senthil","instance":"Text_Caption_614","title":"A) ","roles":{"textData":{}}},{"id":"si314955","class":"TODO::Senthil","instance":"Text_Caption_615","title":"True ","roles":{"textData":{}}},{"id":"si314951_a","class":"TODO::Senthil","instance":"68_93","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si314962","class":"TODO::Senthil","instance":"Text_Caption_616","title":"B) ","roles":{"textData":{}}},{"id":"si314966","class":"TODO::Senthil","instance":"Text_Caption_617","title":"False ","roles":{"textData":{}}},{"id":"si314962_a","class":"TODO::Senthil","instance":"70_94","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si315001","class":"TODO::Senthil","instance":"Button_193","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315103q9","for":"Slide315103q9"},"textData":{}}},{"id":"si315013","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315103q9","for":"Slide315103q9"},"textData":{}}},{"id":"si315025","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315103q9","for":"Slide315103q9"},"textData":{}}},{"id":"si315057","class":"TODO::Senthil","instance":"Text_Caption_618","title":"Incorrect - The correct answer is True. If you simultaneously buy a call and put option with the same strike and expiration, you’ve created a straddle. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si315089","class":"TODO::Senthil","instance":"Text_Caption_619","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide315103","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2529","Image_1645","si314940","si314955","si314966","si315001","si315013","si315025"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide315103"},"question":{"interactionId":"314893","quizId":733,"title":"True/False","text":"If you simultaneously buy a call and put option with the same strike and expiration, you’ve created a straddle.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2807","class":"TODO::Senthil","instance":"Button_2807","roles":{"click":{"subtype":"button"}}},{"id":"si309069","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309082","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2808","class":"TODO::Senthil","instance":"Button_2808","roles":{"click":{"subtype":"button"}}},{"id":"si309120","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309133","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2495","class":"TODO::Senthil","instance":"Text_Caption_2495","title":"Spreads Spreads use two or more options positions of the same class. They combine having a market opinion (speculation) with limiting losses (hedging). Spreads often limit potential upside as well. Yet these strategies can still be desirable since they usually cost less when compared to a single options leg. There are many types of spreads and variations on each. Here, we just discuss some of the basics. ","roles":{"textData":{}}},{"id":"Button_2809","class":"TODO::Senthil","instance":"Button_2809","roles":{"click":{"subtype":"button"}}},{"id":"si309190","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309204","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2496","class":"TODO::Senthil","instance":"Text_Caption_2496","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1627","class":"TODO::Senthil","instance":"Image_1627","roles":{"click":{"subtype":"button"},"question":{"interactionId":"309213","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2497","class":"TODO::Senthil","instance":"Text_Caption_2497","title":"SPREADS ","roles":{"textData":{}}},{"id":"Slide309240","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2807","si309069","si309082","Button_2808","si309120","si309133","Text_Caption_2495","Button_2809","si309190","si309204","Text_Caption_2496","Image_1627","Text_Caption_2497"],"roles":{"slide":{"durationInFrames":1038},"navigation":{"navid":"Slide309240"}}},{"id":"Button_2810","class":"TODO::Senthil","instance":"Button_2810","roles":{"click":{"subtype":"button"}}},{"id":"si309293","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309306","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2811","class":"TODO::Senthil","instance":"Button_2811","roles":{"click":{"subtype":"button"}}},{"id":"si309344","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309357","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2498","class":"TODO::Senthil","instance":"Text_Caption_2498","title":"Vertical Spreads Vertical spreads involve selling one option to buy another. Generally, the second option is the same type and same expiration but a different strike. A bull call spread, or bull call vertical spread, is created by buying a call and simultaneously selling another call with a higher strike price and the same expiration.   The spread is profitable if the underlying asset increases in price, but the upside is limited due to the short call strike. The benefit, however, is that selling the higher strike call reduces the cost of buying the lower one.   Similarly, a bear put spread, or bear put vertical spread, involves buying a put and selling a second put with a lower strike and the same expiration. If you buy and sell options with different expirations, it is known as a calendar spread or time spread. ","roles":{"textData":{}}},{"id":"Button_2812","class":"TODO::Senthil","instance":"Button_2812","roles":{"click":{"subtype":"button"}}},{"id":"si309414","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309428","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2499","class":"TODO::Senthil","instance":"Text_Caption_2499","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1628","class":"TODO::Senthil","instance":"Image_1628","roles":{"click":{"subtype":"button"},"question":{"interactionId":"309437","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2500","class":"TODO::Senthil","instance":"Text_Caption_2500","title":"SPREADS ","roles":{"textData":{}}},{"id":"Slide309464","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2810","si309293","si309306","Button_2811","si309344","si309357","Text_Caption_2498","Button_2812","si309414","si309428","Text_Caption_2499","Image_1628","Text_Caption_2500"],"roles":{"slide":{"durationInFrames":1926},"navigation":{"navid":"Slide309464"}}},{"id":"Button_2813","class":"TODO::Senthil","instance":"Button_2813","roles":{"click":{"subtype":"button"}}},{"id":"si309517","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309530","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2814","class":"TODO::Senthil","instance":"Button_2814","roles":{"click":{"subtype":"button"}}},{"id":"si309568","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309581","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2501","class":"TODO::Senthil","instance":"Text_Caption_2501","title":"Butterfly Spread A butterfly spread consists of options at three strikes, equally spaced apart, wherein all options are of the same type (either all calls or all puts) and have the same expiration.   In a long butterfly, the middle strike option is sold and the outside strikes are bought in a ratio of 1:2:1 (buy one, sell two, buy one). If this ratio does not hold, it is no longer a butterfly. The outside strikes are commonly referred to as the wings of the butterfly, and the inside strike as the body.   The value of a butterfly can never fall below zero. Closely related to the butterfly is the condor—the difference is that the middle options are not at the same strike price. ","roles":{"textData":{}}},{"id":"Button_2815","class":"TODO::Senthil","instance":"Button_2815","roles":{"click":{"subtype":"button"}}},{"id":"si309638","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309652","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2502","class":"TODO::Senthil","instance":"Text_Caption_2502","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1629","class":"TODO::Senthil","instance":"Image_1629","roles":{"click":{"subtype":"button"},"question":{"interactionId":"309661","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2503","class":"TODO::Senthil","instance":"Text_Caption_2503","title":"BUTTERFLY SPREADS ","roles":{"textData":{}}},{"id":"Slide309688","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2813","si309517","si309530","Button_2814","si309568","si309581","Text_Caption_2501","Button_2815","si309638","si309652","Text_Caption_2502","Image_1629","Text_Caption_2503"],"roles":{"slide":{"durationInFrames":1668},"navigation":{"navid":"Slide309688"}}},{"id":"Text_Caption_2530","class":"TODO::Senthil","instance":"Text_Caption_2530","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1646","class":"TODO::Senthil","instance":"Image_1646","roles":{"click":{"subtype":"button","question":"Slide315332q10"},"question":{"interactionId":"315150","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si315169","class":"TODO::Senthil","instance":"Text_Caption_620","title":"Spreads use only two options positions of the same class. ","roles":{"textData":{}}},{"id":"si315180","class":"TODO::Senthil","instance":"Text_Caption_621","title":"A) ","roles":{"textData":{}}},{"id":"si315184","class":"TODO::Senthil","instance":"Text_Caption_622","title":"True ","roles":{"textData":{}}},{"id":"si315180_a","class":"TODO::Senthil","instance":"68_95","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si315191","class":"TODO::Senthil","instance":"Text_Caption_623","title":"B) ","roles":{"textData":{}}},{"id":"si315195","class":"TODO::Senthil","instance":"Text_Caption_624","title":"False ","roles":{"textData":{}}},{"id":"si315191_a","class":"TODO::Senthil","instance":"70_96","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si315230","class":"TODO::Senthil","instance":"Button_194","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315332q10","for":"Slide315332q10"},"textData":{}}},{"id":"si315242","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315332q10","for":"Slide315332q10"},"textData":{}}},{"id":"si315254","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315332q10","for":"Slide315332q10"},"textData":{}}},{"id":"si315286","class":"TODO::Senthil","instance":"Text_Caption_625","title":"Incorrect - The correct answer is False. Spreads use two or more options positions of the same class. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si315318","class":"TODO::Senthil","instance":"Text_Caption_626","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide315332","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2530","Image_1646","si315169","si315184","si315195","si315230","si315242","si315254"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide315332"},"question":{"interactionId":"315118","quizId":733,"title":"True/False","text":"Spreads use only two options positions of the same class.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["B"]}}},{"id":"Button_2816","class":"TODO::Senthil","instance":"Button_2816","roles":{"click":{"subtype":"button"}}},{"id":"si309741","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309754","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2817","class":"TODO::Senthil","instance":"Button_2817","roles":{"click":{"subtype":"button"}}},{"id":"si309792","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309805","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2504","class":"TODO::Senthil","instance":"Text_Caption_2504","title":"Synthetics Combinations are trades constructed with both a call and a put. There is a special type of combination known as a “synthetic.” The point of a synthetic is to create an options position that behaves like an underlying asset but without actually controlling the asset.   Why not just buy the stock?   Maybe some legal or regulatory reason restricts you from owning it. But you may be allowed to create a synthetic position using options. For instance, if you buy an equal amount of calls as you sell puts at the same strike and expiration, you have created a synthetic long position in the underlying.  Boxes are another example of using options in this way to create a synthetic loan, an options spread that effectively behave like a zero-coupon bond until it expires. ","roles":{"textData":{}}},{"id":"Button_2818","class":"TODO::Senthil","instance":"Button_2818","roles":{"click":{"subtype":"button"}}},{"id":"si309862","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309876","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2505","class":"TODO::Senthil","instance":"Text_Caption_2505","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1630","class":"TODO::Senthil","instance":"Image_1630","roles":{"click":{"subtype":"button"},"question":{"interactionId":"309885","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2506","class":"TODO::Senthil","instance":"Text_Caption_2506","title":"SYNTHETICS ","roles":{"textData":{}}},{"id":"Slide309912","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2816","si309741","si309754","Button_2817","si309792","si309805","Text_Caption_2504","Button_2818","si309862","si309876","Text_Caption_2505","Image_1630","Text_Caption_2506"],"roles":{"slide":{"durationInFrames":1866},"navigation":{"navid":"Slide309912"}}},{"id":"Button_2825","class":"TODO::Senthil","instance":"Button_2825","roles":{"click":{"subtype":"button"}}},{"id":"si310436","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310449","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2826","class":"TODO::Senthil","instance":"Button_2826","roles":{"click":{"subtype":"button"}}},{"id":"si310487","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310500","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2511","class":"TODO::Senthil","instance":"Text_Caption_2511","title":"The Greeks Because options prices can be modeled mathematically with a model such as the Black-Scholes model, many of the risks associated with options can also be modeled and understood. This particular feature of options actually makes them arguably less risky than other asset classes, or at least allows the risks associated with options to be understood and evaluated. Individual risks have been assigned Greek letter names, and are sometimes referred to simply as the Greeks.  The basic Greeks include:  Delta: option's price sensitivity to price changes in the underlying  Gamma: option's delta sensitivity to price changes in the underlying  Theta: time decay, or option's price sensitivity to the passage of time  Vega: option's price sensitivity to changes in volatility  Rho: option's price sensitivity to interest rate changes ","roles":{"textData":{}}},{"id":"Button_2827","class":"TODO::Senthil","instance":"Button_2827","roles":{"click":{"subtype":"button"}}},{"id":"si310557","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310571","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2512","class":"TODO::Senthil","instance":"Text_Caption_2512","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1634","class":"TODO::Senthil","instance":"Image_1634","roles":{"click":{"subtype":"button"},"question":{"interactionId":"310580","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2513","class":"TODO::Senthil","instance":"Text_Caption_2513","title":"THE GREEKS ","roles":{"textData":{}}},{"id":"Slide310607","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2825","si310436","si310449","Button_2826","si310487","si310500","Text_Caption_2511","Button_2827","si310557","si310571","Text_Caption_2512","Image_1634","Text_Caption_2513"],"roles":{"slide":{"durationInFrames":2100},"navigation":{"navid":"Slide310607"}}},{"id":"Button_2828","class":"TODO::Senthil","instance":"Button_2828","roles":{"click":{"subtype":"button"}}},{"id":"si310660","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310673","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2829","class":"TODO::Senthil","instance":"Button_2829","roles":{"click":{"subtype":"button"}}},{"id":"si310711","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310724","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2514","class":"TODO::Senthil","instance":"Text_Caption_2514","title":"What Are the 3 Important Characteristics of Options? The three important characteristics of options are as follows:  Strike price: This is the price at which an option can be exercised.   Expiration date: This is the date at which an option expires and becomes worthless.  Option premium: This is the price at which an option is purchased.     ","roles":{"textData":{}}},{"id":"Button_2830","class":"TODO::Senthil","instance":"Button_2830","roles":{"click":{"subtype":"button"}}},{"id":"si310781","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310795","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2515","class":"TODO::Senthil","instance":"Text_Caption_2515","title":"HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Image_1635","class":"TODO::Senthil","instance":"Image_1635","roles":{"click":{"subtype":"button"},"question":{"interactionId":"310804","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2516","class":"TODO::Senthil","instance":"Text_Caption_2516","title":"3 IMPORTANT CHARACTERISTICS OF OPTIONS ","roles":{"textData":{}}},{"id":"Slide310831","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2828","si310660","si310673","Button_2829","si310711","si310724","Text_Caption_2514","Button_2830","si310781","si310795","Text_Caption_2515","Image_1635","Text_Caption_2516"],"roles":{"slide":{"durationInFrames":867},"navigation":{"navid":"Slide310831"}}},{"id":"Button_2887","class":"TODO::Senthil","instance":"Button_2887","roles":{"click":{"subtype":"button"}}},{"id":"si324345","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324358","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2888","class":"TODO::Senthil","instance":"Button_2888","roles":{"click":{"subtype":"button"}}},{"id":"si324396","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324409","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2570","class":"TODO::Senthil","instance":"Text_Caption_2570","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2571","class":"TODO::Senthil","instance":"Text_Caption_2571","title":"How to Trade Options ","roles":{"textData":{}}},{"id":"Line_89","class":"TODO::Senthil","instance":"Line_89","roles":{}},{"id":"Image_1694","class":"TODO::Senthil","instance":"Image_1694","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324444","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2889","class":"TODO::Senthil","instance":"Button_2889","roles":{"click":{"subtype":"button"}}},{"id":"si324487","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324501","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide324517","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2887","si324345","si324358","Button_2888","si324396","si324409","Text_Caption_2570","Text_Caption_2571","Image_1694","Button_2889","si324487","si324501"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide324517"}}},{"id":"Button_2890","class":"TODO::Senthil","instance":"Button_2890","roles":{"click":{"subtype":"button"}}},{"id":"si324572","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324585","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2891","class":"TODO::Senthil","instance":"Button_2891","roles":{"click":{"subtype":"button"}}},{"id":"si324623","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324636","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2572","class":"TODO::Senthil","instance":"Text_Caption_2572","title":"REVIEW - HOW TO TRADE OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2573","class":"TODO::Senthil","instance":"Text_Caption_2573","title":"Once approved, there are four basic things you can do with options: Buy (long) calls Buying a call option gives you a potential long position in the underlying stock. Sell (short) calls Short-selling a stock gives you a short position.  Buy (long) puts Selling a naked or uncovered call gives you a potential short position in the underlying stock. Sell (short) puts Buying a put option gives you a potential short position in the underlying stock.    Selling a naked or unmarried put gives you a potential long position in the underlying stock.  ","roles":{"textData":{}}},{"id":"Image_1695","class":"TODO::Senthil","instance":"Image_1695","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324666","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1697","class":"TODO::Senthil","instance":"Image_1697","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324684","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2892","class":"TODO::Senthil","instance":"Button_2892","roles":{"click":{"subtype":"button"}}},{"id":"si324727","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324741","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide324757","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2890","si324572","si324585","Button_2891","si324623","si324636","Text_Caption_2572","Text_Caption_2573","Image_1695","Image_1697","Button_2892","si324727","si324741"],"roles":{"slide":{"durationInFrames":1386},"navigation":{"navid":"Slide324757"}}},{"id":"Button_2819","class":"TODO::Senthil","instance":"Button_2819","roles":{"click":{"subtype":"button"}}},{"id":"si309965","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si309978","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2820","class":"TODO::Senthil","instance":"Button_2820","roles":{"click":{"subtype":"button"}}},{"id":"si310016","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310029","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2508","class":"TODO::Senthil","instance":"Text_Caption_2508","title":"Short-Term Options vs. Long-Term Options ","roles":{"textData":{}}},{"id":"Line_82","class":"TODO::Senthil","instance":"Line_82","roles":{}},{"id":"Image_1631","class":"TODO::Senthil","instance":"Image_1631","roles":{"click":{"subtype":"button"},"question":{"interactionId":"310064","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2821","class":"TODO::Senthil","instance":"Button_2821","roles":{"click":{"subtype":"button"}}},{"id":"si310107","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310121","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide310137","class":"Normal Slide","instance":"Short-Term Options vs. Long-Term Options","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2819","si309965","si309978","Button_2820","si310016","si310029","Text_Caption_2508","Image_1631","Button_2821","si310107","si310121"],"roles":{"slide":{"durationInFrames":171},"navigation":{"navid":"Slide310137"}}},{"id":"Button_2822","class":"TODO::Senthil","instance":"Button_2822","roles":{"click":{"subtype":"button"}}},{"id":"si310190","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310203","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2823","class":"TODO::Senthil","instance":"Button_2823","roles":{"click":{"subtype":"button"}}},{"id":"si310241","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310254","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2509","class":"TODO::Senthil","instance":"Text_Caption_2509","title":"Duration Options can also be categorized by their duration. Short-term options are those that generally expire within a year. Long-term options with expirations greater than a year are classified as long-term equity anticipation securities, or LEAPs. LEAPs are identical to regular options except that they have longer durations. ","roles":{"textData":{}}},{"id":"Button_2824","class":"TODO::Senthil","instance":"Button_2824","roles":{"click":{"subtype":"button"}}},{"id":"si310311","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si310325","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2510","class":"TODO::Senthil","instance":"Text_Caption_2510","title":"SHORT-TERM OPTIONS VS LONG-TERM OPTIONS ","roles":{"textData":{}}},{"id":"Image_1633","class":"TODO::Senthil","instance":"Image_1633","roles":{"click":{"subtype":"button"},"question":{"interactionId":"310363","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide310357","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2822","si310190","si310203","Button_2823","si310241","si310254","Text_Caption_2509","Button_2824","si310311","si310325","Text_Caption_2510","Image_1633"],"roles":{"slide":{"durationInFrames":987},"navigation":{"navid":"Slide310357"}}},{"id":"Text_Caption_2531","class":"TODO::Senthil","instance":"Text_Caption_2531","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1647","class":"TODO::Senthil","instance":"Image_1647","roles":{"click":{"subtype":"button","question":"Slide315561q11"},"question":{"interactionId":"315379","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si315398","class":"TODO::Senthil","instance":"Text_Caption_627","title":"Short-term options are those that generally expire within a year. ","roles":{"textData":{}}},{"id":"si315409","class":"TODO::Senthil","instance":"Text_Caption_628","title":"A) ","roles":{"textData":{}}},{"id":"si315413","class":"TODO::Senthil","instance":"Text_Caption_629","title":"True ","roles":{"textData":{}}},{"id":"si315409_a","class":"TODO::Senthil","instance":"68_97","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si315420","class":"TODO::Senthil","instance":"Text_Caption_630","title":"B) ","roles":{"textData":{}}},{"id":"si315424","class":"TODO::Senthil","instance":"Text_Caption_631","title":"False ","roles":{"textData":{}}},{"id":"si315420_a","class":"TODO::Senthil","instance":"70_98","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si315459","class":"TODO::Senthil","instance":"Button_195","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315561q11","for":"Slide315561q11"},"textData":{}}},{"id":"si315471","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315561q11","for":"Slide315561q11"},"textData":{}}},{"id":"si315483","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315561q11","for":"Slide315561q11"},"textData":{}}},{"id":"si315515","class":"TODO::Senthil","instance":"Text_Caption_632","title":"Incorrect - The correct answer is True. Short-term options are those that generally expire within a year. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si315547","class":"TODO::Senthil","instance":"Text_Caption_633","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide315561","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2531","Image_1647","si315398","si315413","si315424","si315459","si315471","si315483"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide315561"},"question":{"interactionId":"315351","quizId":733,"title":"True/False","text":"Short-term options are those that generally expire within a year.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Text_Caption_2532","class":"TODO::Senthil","instance":"Text_Caption_2532","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1648","class":"TODO::Senthil","instance":"Image_1648","roles":{"click":{"subtype":"button","question":"Slide315790q12"},"question":{"interactionId":"315608","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si315627","class":"TODO::Senthil","instance":"Text_Caption_634","title":"LEAPs are identical to regular options except that they have longer durations. ","roles":{"textData":{}}},{"id":"si315638","class":"TODO::Senthil","instance":"Text_Caption_635","title":"A) ","roles":{"textData":{}}},{"id":"si315642","class":"TODO::Senthil","instance":"Text_Caption_636","title":"True ","roles":{"textData":{}}},{"id":"si315638_a","class":"TODO::Senthil","instance":"68_99","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si315649","class":"TODO::Senthil","instance":"Text_Caption_637","title":"B) ","roles":{"textData":{}}},{"id":"si315653","class":"TODO::Senthil","instance":"Text_Caption_638","title":"False ","roles":{"textData":{}}},{"id":"si315649_a","class":"TODO::Senthil","instance":"70_100","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si315688","class":"TODO::Senthil","instance":"Button_198","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315790q12","for":"Slide315790q12"},"textData":{}}},{"id":"si315700","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315790q12","for":"Slide315790q12"},"textData":{}}},{"id":"si315712","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide315790q12","for":"Slide315790q12"},"textData":{}}},{"id":"si315744","class":"TODO::Senthil","instance":"Text_Caption_639","title":"Incorrect - The correct answer is True. LEAPs are identical to regular options except that they have longer durations. Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si315776","class":"TODO::Senthil","instance":"Text_Caption_640","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide315790","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2532","Image_1648","si315627","si315642","si315653","si315688","si315700","si315712"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide315790"},"question":{"interactionId":"315576","quizId":733,"title":"True/False","text":"LEAPs are identical to regular options except that they have longer durations.\r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2893","class":"TODO::Senthil","instance":"Button_2893","roles":{"click":{"subtype":"button"}}},{"id":"si324812","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324825","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2894","class":"TODO::Senthil","instance":"Button_2894","roles":{"click":{"subtype":"button"}}},{"id":"si324863","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324876","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2574","class":"TODO::Senthil","instance":"Text_Caption_2574","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2575","class":"TODO::Senthil","instance":"Text_Caption_2575","title":"Short-Term Options vs Long-Term Options ","roles":{"textData":{}}},{"id":"Line_90","class":"TODO::Senthil","instance":"Line_90","roles":{}},{"id":"Image_1698","class":"TODO::Senthil","instance":"Image_1698","roles":{"click":{"subtype":"button"},"question":{"interactionId":"324911","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2895","class":"TODO::Senthil","instance":"Button_2895","roles":{"click":{"subtype":"button"}}},{"id":"si324954","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si324968","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide324984","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2893","si324812","si324825","Button_2894","si324863","si324876","Text_Caption_2574","Text_Caption_2575","Image_1698","Button_2895","si324954","si324968"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide324984"}}},{"id":"Button_2896","class":"TODO::Senthil","instance":"Button_2896","roles":{"click":{"subtype":"button"}}},{"id":"si325039","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325052","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2897","class":"TODO::Senthil","instance":"Button_2897","roles":{"click":{"subtype":"button"}}},{"id":"si325090","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325103","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2576","class":"TODO::Senthil","instance":"Text_Caption_2576","title":"REVIEW - SHORT-TERM OPTIONS VS LONG-TERM OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2577","class":"TODO::Senthil","instance":"Text_Caption_2577","title":"Options can also be categorized by their duration. Short-term options are those that generally expire within a year. Long-term options with expirations greater than a year are classified as long-term equity anticipation securities, or LEAPs. LEAPs are identical to regular options except that they have longer durations. ","roles":{"textData":{}}},{"id":"Image_1699","class":"TODO::Senthil","instance":"Image_1699","roles":{"click":{"subtype":"button"},"question":{"interactionId":"325133","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2898","class":"TODO::Senthil","instance":"Button_2898","roles":{"click":{"subtype":"button"}}},{"id":"si325185","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325199","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide325215","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2896","si325039","si325052","Button_2897","si325090","si325103","Text_Caption_2576","Text_Caption_2577","Image_1699","Button_2898","si325185","si325199"],"roles":{"slide":{"durationInFrames":831},"navigation":{"navid":"Slide325215"}}},{"id":"Button_2843","class":"TODO::Senthil","instance":"Button_2843","roles":{"click":{"subtype":"button"}}},{"id":"si318741","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si318754","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2844","class":"TODO::Senthil","instance":"Button_2844","roles":{"click":{"subtype":"button"}}},{"id":"si318792","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si318805","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2541","class":"TODO::Senthil","instance":"Text_Caption_2541","title":"Margins on Options ","roles":{"textData":{}}},{"id":"Line_84","class":"TODO::Senthil","instance":"Line_84","roles":{}},{"id":"Image_1666","class":"TODO::Senthil","instance":"Image_1666","roles":{"click":{"subtype":"button"},"question":{"interactionId":"318840","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2845","class":"TODO::Senthil","instance":"Button_2845","roles":{"click":{"subtype":"button"}}},{"id":"si318883","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si318897","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide318913","class":"Normal Slide","instance":"Margins on Options","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2843","si318741","si318754","Button_2844","si318792","si318805","Text_Caption_2541","Image_1666","Button_2845","si318883","si318897"],"roles":{"slide":{"durationInFrames":108},"navigation":{"navid":"Slide318913"}}},{"id":"Button_2846","class":"TODO::Senthil","instance":"Button_2846","roles":{"click":{"subtype":"button"}}},{"id":"si318966","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si318979","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2847","class":"TODO::Senthil","instance":"Button_2847","roles":{"click":{"subtype":"button"}}},{"id":"si319017","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319030","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2542","class":"TODO::Senthil","instance":"Text_Caption_2542","title":"Options Have Margin Requirements As with futures contracts, options have margin requirements. When an investor purchases an option, the margin requirement is 100% of the option's premium.   However, for option writers, the margin requirements are more complicated. For in-the-money option contracts, a writer's margin requirement is the option's premium plus the margin on the underlying futures contract. If the option is out-of-the money, the margin requirement is reduced by 50% of the out-of-the-money amount.  Simple Option Margin Requirements Long Options: 100% of the premium  EXAMPLE: A trader buys a June copper 2.5000 call for a premium of $0.0500. If the copper contract size is 25,000 pounds, what's the margin deposit?  \t\tMargin = $0.05 premium x 25,000 lbs. = $1,250 margin requirement  ","roles":{"textData":{}}},{"id":"Button_2848","class":"TODO::Senthil","instance":"Button_2848","roles":{"click":{"subtype":"button"}}},{"id":"si319087","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319101","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2543","class":"TODO::Senthil","instance":"Text_Caption_2543","title":"MARGINS ON OPTIONS ","roles":{"textData":{}}},{"id":"Image_1668","class":"TODO::Senthil","instance":"Image_1668","roles":{"click":{"subtype":"button"},"question":{"interactionId":"319139","quizId":-1,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide319133","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2846","si318966","si318979","Button_2847","si319017","si319030","Text_Caption_2542","Button_2848","si319087","si319101","Text_Caption_2543","Image_1668"],"roles":{"slide":{"durationInFrames":2433},"navigation":{"navid":"Slide319133"}}},{"id":"Button_2849","class":"TODO::Senthil","instance":"Button_2849","roles":{"click":{"subtype":"button"}}},{"id":"si319222","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319235","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2850","class":"TODO::Senthil","instance":"Button_2850","roles":{"click":{"subtype":"button"}}},{"id":"si319273","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319286","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2851","class":"TODO::Senthil","instance":"Button_2851","roles":{"click":{"subtype":"button"}}},{"id":"si319343","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319357","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2545","class":"TODO::Senthil","instance":"Text_Caption_2545","title":"MARGINS ON OPTIONS ","roles":{"textData":{}}},{"id":"Image_1669","class":"TODO::Senthil","instance":"Image_1669","roles":{"click":{"subtype":"button"},"question":{"interactionId":"319366","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Text_Caption_2544","class":"TODO::Senthil","instance":"Text_Caption_2544","title":"Short Options: In-the-money: Option Premium + Futures Margin Out-of-the-money: Option Premium + Futures Margin - 50% of the out-of-the-money amount ","roles":{"textData":{}}},{"id":"Slide319390","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2849","si319222","si319235","Button_2850","si319273","si319286","Button_2851","si319343","si319357","Text_Caption_2545","Image_1669","Text_Caption_2544"],"roles":{"slide":{"durationInFrames":507},"navigation":{"navid":"Slide319390"}}},{"id":"Button_2908","class":"TODO::Senthil","instance":"Button_2908","roles":{"click":{"subtype":"button"}}},{"id":"si326257","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si326270","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2909","class":"TODO::Senthil","instance":"Button_2909","roles":{"click":{"subtype":"button"}}},{"id":"si326308","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si326321","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2910","class":"TODO::Senthil","instance":"Button_2910","roles":{"click":{"subtype":"button"}}},{"id":"si326357","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si326371","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2585","class":"TODO::Senthil","instance":"Text_Caption_2585","title":"MARGINS ON OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2586","class":"TODO::Senthil","instance":"Text_Caption_2586","title":"EXAMPLE: July corn futures are trading at $6.70 and the initial margin for the futures contract is $0.50 per bushel. A customer sells a July $6.60 put at $0.25.   If corn futures have a 5,000-bushel delivery size, what's the margin deposit? ","roles":{"textData":{}}},{"id":"Text_Caption_2589","class":"TODO::Senthil","instance":"Text_Caption_2589","title":"Futures margin = $2,500 futures margin ($0.50 x 5,000 bushels) Option Premium = $1,250 option premium ($0.25 x 5,000 bushels) ","roles":{"textData":{}}},{"id":"Text_Caption_2591","class":"TODO::Senthil","instance":"Text_Caption_2591","title":"Total Margin for Short Option = $2,500 futures margin + $1,250 premium - $250 out-of-the-money \t Total Margin for Short Option = $3,500 margin requirement   ","roles":{"textData":{}}},{"id":"Text_Caption_2592","class":"TODO::Senthil","instance":"Text_Caption_2592","title":"Out-of-the-money Amount = $6.70 futures price - $6.60 strike price = $0.10 out-of-the-money Margin Deduction = $0.10 out-of-the-money x 50% x 5,000 bushels = $250 deduction ","roles":{"textData":{}}},{"id":"Slide326425","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2908","si326257","si326270","Button_2909","si326308","si326321","Button_2910","si326357","si326371","Text_Caption_2585","Text_Caption_2586","Text_Caption_2589","Text_Caption_2591","Text_Caption_2592"],"roles":{"slide":{"durationInFrames":2826},"navigation":{"navid":"Slide326425"}}},{"id":"Button_2855","class":"TODO::Senthil","instance":"Button_2855","roles":{"click":{"subtype":"button"}}},{"id":"si319664","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319677","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2856","class":"TODO::Senthil","instance":"Button_2856","roles":{"click":{"subtype":"button"}}},{"id":"si319715","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319728","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2548","class":"TODO::Senthil","instance":"Text_Caption_2548","title":"Option Spread Margin Requirements An option spread involves the simultaneous purchase and sale of two different put or call options. When more is paid for the long option than received in premium for the short option, the spread is a debit transaction. Conversely, when more is received than paid, the spread is a credit transaction. In general, a credit spread will require a margin deposit.  The potential loss in an option spread is determined by two factors—the strike price and expiration date. With this in mind, the following two basic rules may be used for quickly estimating whether margin will be required for specific spreads:  If the strike price of the long call is greater than the strike price of the short call, or if the strike price of the long put is less than the strike price of the short put, margin is required. (An adverse market move can cause the short option to suffer a loss before the long option can show a profit) If the long option expires before the short option, margin is required (Once the long option expires, the trader holds an unhedged short position.)     ","roles":{"textData":{}}},{"id":"Button_2857","class":"TODO::Senthil","instance":"Button_2857","roles":{"click":{"subtype":"button"}}},{"id":"si319785","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si319799","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2549","class":"TODO::Senthil","instance":"Text_Caption_2549","title":"MARGINS ON OPTIONS ","roles":{"textData":{}}},{"id":"Image_1671","class":"TODO::Senthil","instance":"Image_1671","roles":{"click":{"subtype":"button"},"question":{"interactionId":"319809","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide319832","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2855","si319664","si319677","Button_2856","si319715","si319728","Text_Caption_2548","Button_2857","si319785","si319799","Text_Caption_2549","Image_1671"],"roles":{"slide":{"durationInFrames":2712},"navigation":{"navid":"Slide319832"}}},{"id":"Text_Caption_2550","class":"TODO::Senthil","instance":"Text_Caption_2550","title":"KNOWLEDGE CHECK ","roles":{"textData":{}}},{"id":"Image_1672","class":"TODO::Senthil","instance":"Image_1672","roles":{"click":{"subtype":"button","question":"Slide320061q13"},"question":{"interactionId":"319879","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"si319898","class":"TODO::Senthil","instance":"Text_Caption_641","title":"When an investor purchases an option, the margin requirement is 100% of the option's premium.  ","roles":{"textData":{}}},{"id":"si319909","class":"TODO::Senthil","instance":"Text_Caption_642","title":"A) ","roles":{"textData":{}}},{"id":"si319913","class":"TODO::Senthil","instance":"Text_Caption_643","title":"True ","roles":{"textData":{}}},{"id":"si319909_a","class":"TODO::Senthil","instance":"68_101","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si319920","class":"TODO::Senthil","instance":"Text_Caption_644","title":"B) ","roles":{"textData":{}}},{"id":"si319924","class":"TODO::Senthil","instance":"Text_Caption_645","title":"False ","roles":{"textData":{}}},{"id":"si319920_a","class":"TODO::Senthil","instance":"70_102","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si319959","class":"TODO::Senthil","instance":"Button_199","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide320061q13","for":"Slide320061q13"},"textData":{}}},{"id":"si319971","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide320061q13","for":"Slide320061q13"},"textData":{}}},{"id":"si319983","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide320061q13","for":"Slide320061q13"},"textData":{}}},{"id":"si320015","class":"TODO::Senthil","instance":"Text_Caption_646","title":"Incorrect - The correct answer is True. When an investor purchases an option, the margin requirement is 100% of the option's premium.  Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si320047","class":"TODO::Senthil","instance":"Text_Caption_647","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"Slide320061","class":"Question Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2550","Image_1672","si319898","si319913","si319924","si319959","si319971","si319983"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide320061"},"question":{"interactionId":"319851","quizId":733,"title":"True/False","text":"When an investor purchases an option, the margin requirement is 100% of the option's premium. \r","ikc":true,"type":"knowledgeCheck","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"]}}},{"id":"Button_2899","class":"TODO::Senthil","instance":"Button_2899","roles":{"click":{"subtype":"button"}}},{"id":"si325270","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325283","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2900","class":"TODO::Senthil","instance":"Button_2900","roles":{"click":{"subtype":"button"}}},{"id":"si325321","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325334","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2578","class":"TODO::Senthil","instance":"Text_Caption_2578","title":"REVIEW ","roles":{"textData":{}}},{"id":"Text_Caption_2579","class":"TODO::Senthil","instance":"Text_Caption_2579","title":"Margins on Options ","roles":{"textData":{}}},{"id":"Line_91","class":"TODO::Senthil","instance":"Line_91","roles":{}},{"id":"Image_1701","class":"TODO::Senthil","instance":"Image_1701","roles":{"click":{"subtype":"button"},"question":{"interactionId":"325369","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2901","class":"TODO::Senthil","instance":"Button_2901","roles":{"click":{"subtype":"button"}}},{"id":"si325412","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325426","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Slide325442","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2899","si325270","si325283","Button_2900","si325321","si325334","Text_Caption_2578","Text_Caption_2579","Image_1701","Button_2901","si325412","si325426"],"roles":{"slide":{"durationInFrames":600},"navigation":{"navid":"Slide325442"}}},{"id":"Button_2902","class":"TODO::Senthil","instance":"Button_2902","roles":{"click":{"subtype":"button"}}},{"id":"si325497","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325510","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2903","class":"TODO::Senthil","instance":"Button_2903","roles":{"click":{"subtype":"button"}}},{"id":"si325548","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325561","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_2580","class":"TODO::Senthil","instance":"Text_Caption_2580","title":"REVIEW - MARGINS ON OPTIONS ","roles":{"textData":{}}},{"id":"Text_Caption_2581","class":"TODO::Senthil","instance":"Text_Caption_2581","title":"As with futures contracts, options have margin requirements. When an investor purchases an option, the margin requirement is 100% of the option's premium.   For option writers, the margin requirements are more complicated. For in-the-money option contracts, a writer's margin requirement is the option's premium plus the margin on the underlying futures contract. If the option is out-of-the money, the margin requirement is reduced by 50% of the out-of-the-money amount.  The following two basic rules may be used for quickly estimating whether margin will be required for specific spreads:  If the strike price of the long call is greater man me strike price of the short call, or if the strike price of the long put is less than the strike price of the short put, margin is required. (An adverse market move can cause die short option to suffer a loss before the long option can show a profit) If the long option expires before the short option, margin is required (Once the long option expires, the trader holds an unhedged short position.) ","roles":{"textData":{}}},{"id":"Image_1702","class":"TODO::Senthil","instance":"Image_1702","roles":{"click":{"subtype":"button"},"question":{"interactionId":"325591","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Button_2904","class":"TODO::Senthil","instance":"Button_2904","roles":{"click":{"subtype":"button"}}},{"id":"si325634","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si325648","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1704","class":"TODO::Senthil","instance":"Image_1704","roles":{"click":{"subtype":"button"},"question":{"interactionId":"325891","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Image_1705","class":"TODO::Senthil","instance":"Image_1705","roles":{"click":{"subtype":"button"},"question":{"interactionId":"325903","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide325664","class":"Normal Slide","instance":"","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2902","si325497","si325510","Button_2903","si325548","si325561","Text_Caption_2580","Text_Caption_2581","Image_1702","Button_2904","si325634","si325648","Image_1704","Image_1705"],"roles":{"slide":{"durationInFrames":2091},"navigation":{"navid":"Slide325664"}}},{"id":"Button_2018","class":"TODO::Senthil","instance":"Button_2018","roles":{"click":{"subtype":"button"}}},{"id":"si233572","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si233585","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Button_2019","class":"TODO::Senthil","instance":"Button_2019","roles":{"click":{"subtype":"button"}}},{"id":"si233623","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si233636","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Text_Caption_1697","class":"TODO::Senthil","instance":"Text_Caption_1697","title":"Quick Quiz ","roles":{"textData":{}}},{"id":"Line_23","class":"TODO::Senthil","instance":"Line_23","roles":{}},{"id":"Button_2020","class":"TODO::Senthil","instance":"Button_2020","roles":{"click":{"subtype":"button"}}},{"id":"si233710","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"si233724","class":"TODO::Senthil","roles":{"click":{"subtype":"button"}}},{"id":"Image_1088","class":"TODO::Senthil","instance":"Image_1088","roles":{"click":{"subtype":"button"},"question":{"interactionId":"233745","quizId":733,"text":"Image ","type":"graded","interactionType":"choice","score":{"weight":1,"penalty":0}},"textData":{}}},{"id":"Slide233740","class":"Normal Slide","instance":"Quick Quiz","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Button_2018","si233572","si233585","Button_2019","si233623","si233636","Text_Caption_1697","Button_2020","si233710","si233724","Image_1088"],"roles":{"slide":{"durationInFrames":93},"navigation":{"navid":"Slide233740"}}},{"id":"Text_Caption_1602","class":"TODO::Senthil","instance":"Text_Caption_1602","title":"QUIZ ","roles":{"textData":{}}},{"id":"si199458","class":"TODO::Senthil","title":"Select the statements below that are true. (select all that apply) ","roles":{"textData":{}}},{"id":"si199473","class":"TODO::Senthil","title":"A) ","roles":{"textData":{}}},{"id":"si199477","class":"TODO::Senthil","title":"When a new option is introduced, the initial exercise price will bracket the current price of the underlying futures contract of the same expiration month. As the futures price fluctuates, additional exercise prices will be opened for trading by the appropriate exchange.  ","roles":{"textData":{}}},{"id":"si199477","class":"TODO::Senthil","roles":{"click":{"subtype":"button","question":"Slide199421q14"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si199473_a","class":"TODO::Senthil","roles":{"answer":{"title":"When a new option is introduced, the initial exercise price will bracket the current price of the underlying futures contract of the same expiration month. As the futures price fluctuates, additional exercise prices will be opened for trading by the appropriate exchange.\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si199484","class":"TODO::Senthil","title":"B) ","roles":{"textData":{}}},{"id":"si199488","class":"TODO::Senthil","title":"The purchase of a call cannot be offset with the sale of a put. Likewise, the sale of a call option cannot be offset with the purchase of a put.  ","roles":{"textData":{}}},{"id":"si199488","class":"TODO::Senthil","roles":{"click":{"subtype":"button","question":"Slide199421q14"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si199484_a","class":"TODO::Senthil","roles":{"answer":{"title":"The purchase of a call cannot be offset with the sale of a put. Likewise, the sale of a call option cannot be offset with the purchase of a put.\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si199554","class":"TODO::Senthil","title":"C) ","roles":{"textData":{}}},{"id":"si199558","class":"TODO::Senthil","title":"As in any market, for every buyer there must be a seller. In options trading, an option seller must be prepared to enter an appropriate futures position that's opposite to the option buyer if and when the option is exercised.   ","roles":{"textData":{}}},{"id":"si199558","class":"TODO::Senthil","roles":{"click":{"subtype":"button","question":"Slide199421q14"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si199554_a","class":"TODO::Senthil","roles":{"answer":{"title":"As in any market, for every buyer there must be a seller. In options trading, an option seller must be prepared to enter an appropriate futures position that's opposite to the option buyer if and when the option is exercised. \r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si199569","class":"TODO::Senthil","title":"D) ","roles":{"textData":{}}},{"id":"si199573","class":"TODO::Senthil","title":"If you buy a one-month option that is out of the money, and the stock doesn’t move, the option becomes less valuable with each passing day.  ","roles":{"textData":{}}},{"id":"si199573","class":"TODO::Senthil","roles":{"click":{"subtype":"button","question":"Slide199421q14"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si199569_a","class":"TODO::Senthil","roles":{"answer":{"title":"If you buy a one-month option that is out of the money, and the stock doesn’t move, the option becomes less valuable with each passing day.\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si199505","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide199421q14","for":"Slide199421q14"},"textData":{}}},{"id":"si199522","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide199421q14","for":"Slide199421q14"},"textData":{}}},{"id":"si199535","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide199421q14","for":"Slide199421q14"},"textData":{}}},{"id":"si199598","class":"TODO::Senthil","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si199883","class":"TODO::Senthil","title":"Incorrect - The correct answer is A, B, C and D. Click anywhere or press ‘y’ to continue.  ","roles":{"textData":{}}},{"id":"Slide199421","class":"Question Slide","instance":"Question 1","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1602","si199458","si199477","si199488","si199558","si199573","si199505","si199522","si199535"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide199421"},"question":{"interactionId":"199438","quizId":733,"title":"Multiple Choice","text":"Select the statements below that are true. (select all that apply)\r","ikc":true,"type":"knowledgeCheck","interactionType":"choice","ramdomized":false,"correctAnswers":["A","B","C","D"]}}},{"id":"Text_Caption_1609","class":"TODO::Senthil","instance":"Text_Caption_1609","title":"QUIZ ","roles":{"textData":{}}},{"id":"si205773","class":"TODO::Senthil","roles":{}},{"id":"si205696","class":"TODO::Senthil","title":"Options are contracts that give the bearer the right—but not the obligation—to either buy or sell an amount of some underlying asset at a predetermined price at or before the contract expires. Like most other asset classes, options can be purchased with brokerage investment accounts.  ","roles":{"textData":{}}},{"id":"si205711","class":"TODO::Senthil","title":"A) ","roles":{"textData":{}}},{"id":"si205715","class":"TODO::Senthil","title":"True ","roles":{"textData":{}}},{"id":"si205711_a","class":"TODO::Senthil","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si205722","class":"TODO::Senthil","title":"B) ","roles":{"textData":{}}},{"id":"si205726","class":"TODO::Senthil","title":"False ","roles":{"textData":{}}},{"id":"si205722_a","class":"TODO::Senthil","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si205861","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide205659q15","for":"Slide205659q15"},"textData":{}}},{"id":"si205878","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide205659q15","for":"Slide205659q15"},"textData":{}}},{"id":"si205891","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide205659q15","for":"Slide205659q15"},"textData":{}}},{"id":"si205730","class":"TODO::Senthil","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide205659q15"},"textData":{}}},{"id":"si205743","class":"TODO::Senthil","title":"Incorrect. The correct answer is True. Options are contracts that give the bearer the right—but not the obligation—to either buy or sell an amount of some underlying asset at a predetermined price at or before the contract expires. Like most other asset classes, options can be purchased with brokerage investment accounts. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide205659q15"},"textData":{}}},{"id":"Slide205659","class":"Question Slide","instance":"Question 2","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1609","si205696","si205715","si205726","si205861","si205878","si205891"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide205659"},"question":{"interactionId":"205676","quizId":733,"title":"True/False","text":"Options are contracts that give the bearer the right—but not the obligation—to either buy or sell an amount of some underlying asset at a predetermined price at or before the contract expires. Like most other asset classes, options can be purchased with brokerage investment accounts.\r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_1610","class":"TODO::Senthil","instance":"Text_Caption_1610","title":"QUIZ ","roles":{"textData":{}}},{"id":"si206143","class":"TODO::Senthil","instance":"Text_Caption_475","roles":{}},{"id":"si206066","class":"TODO::Senthil","instance":"Text_Caption_456","title":"Speculating with a call option—instead of buying the stock outright—is attractive to some traders because options provide leverage. An out-of-the-money call option may only cost a few dollars or even cents compared to the full price of a $100 stock.  ","roles":{"textData":{}}},{"id":"si206077","class":"TODO::Senthil","instance":"Text_Caption_471","title":"A) ","roles":{"textData":{}}},{"id":"si206081","class":"TODO::Senthil","instance":"Text_Caption_472","title":"True ","roles":{"textData":{}}},{"id":"si206077_a","class":"TODO::Senthil","instance":"48","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si206088","class":"TODO::Senthil","instance":"Text_Caption_473","title":"B) ","roles":{"textData":{}}},{"id":"si206092","class":"TODO::Senthil","instance":"Text_Caption_474","title":"False ","roles":{"textData":{}}},{"id":"si206088_a","class":"TODO::Senthil","instance":"50","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si206255","class":"TODO::Senthil","instance":"Button_147","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206377q16","for":"Slide206377q16"},"textData":{}}},{"id":"si206267","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206377q16","for":"Slide206377q16"},"textData":{}}},{"id":"si206279","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206377q16","for":"Slide206377q16"},"textData":{}}},{"id":"si206118","class":"TODO::Senthil","instance":"SmartShape_19","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide206377q16"},"textData":{}}},{"id":"si206137","class":"TODO::Senthil","instance":"SmartShape_20","title":"Incorrect. The correct answer is True. Speculating with a call option—instead of buying the stock outright—is attractive to some traders because options provide leverage. An out-of-the-money call option may only cost a few dollars or even cents compared to the full price of a $100 stock. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide206377q16"},"textData":{}}},{"id":"Slide206377","class":"Question Slide","instance":"Question 3","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1610","si206066","si206081","si206092","si206255","si206267","si206279"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide206377"},"question":{"interactionId":"206022","quizId":733,"title":"True/False","text":"Speculating with a call option—instead of buying the stock outright—is attractive to some traders because options provide leverage. An out-of-the-money call option may only cost a few dollars or even cents compared to the full price of a $100 stock.\r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_2584","class":"TODO::Senthil","instance":"Text_Caption_2584","title":"QUIZ ","roles":{"textData":{}}},{"id":"si326019","class":"TODO::Senthil","instance":"Text_Caption_648","title":"Select the statements below that are true. (select all that apply) ","roles":{"textData":{}}},{"id":"si326030","class":"TODO::Senthil","instance":"Text_Caption_649","title":"A) ","roles":{"textData":{}}},{"id":"si326034","class":"TODO::Senthil","instance":"Text_Caption_650","title":"Volatility increases the price of an option. ","roles":{"textData":{}}},{"id":"si326034","class":"TODO::Senthil","instance":"61","roles":{"click":{"subtype":"button","question":"Slide326204q17"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si326030_a","class":"TODO::Senthil","instance":"60","roles":{"answer":{"title":"Volatility increases the price of an option.\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si326041","class":"TODO::Senthil","instance":"Text_Caption_651","title":"B) ","roles":{"textData":{}}},{"id":"si326045","class":"TODO::Senthil","instance":"Text_Caption_652","title":"On most U.S. exchanges, a stock option contract is the option to buy or sell 100 shares; that's why you must multiply the contract premium by 100 to get the total amount you’ll have to spend to buy the call.  ","roles":{"textData":{}}},{"id":"si326045","class":"TODO::Senthil","instance":"63","roles":{"click":{"subtype":"button","question":"Slide326204q17"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si326041_a","class":"TODO::Senthil","instance":"62","roles":{"answer":{"title":"On most U.S. exchanges, a stock option contract is the option to buy or sell 100 shares; that's why you must multiply the contract premium by 100 to get the total amount you’ll have to spend to buy the call.\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si326052","class":"TODO::Senthil","instance":"Text_Caption_653","title":"C) ","roles":{"textData":{}}},{"id":"si326056","class":"TODO::Senthil","instance":"Text_Caption_654","title":"The majority of the time, holders choose to take their profits by trading out (closing out) their position.  ","roles":{"textData":{}}},{"id":"si326056","class":"TODO::Senthil","instance":"65","roles":{"click":{"subtype":"button","question":"Slide326204q17"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si326052_a","class":"TODO::Senthil","instance":"64","roles":{"answer":{"title":"The majority of the time, holders choose to take their profits by trading out (closing out) their position.\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si326063","class":"TODO::Senthil","instance":"Text_Caption_655","title":"D) ","roles":{"textData":{}}},{"id":"si326067","class":"TODO::Senthil","instance":"Text_Caption_656","title":"An option's premium is the combination of its intrinsic value and time value. Intrinsic value is the in-the-money amount of an options contract, which, for a call option, is the amount above the strike price that the stock is trading.    ","roles":{"textData":{}}},{"id":"si326067","class":"TODO::Senthil","instance":"67","roles":{"click":{"subtype":"button","question":"Slide326204q17"},"answer":{"title":"dummy title","index":-1,"score":{}}}},{"id":"si326063_a","class":"TODO::Senthil","instance":"66","roles":{"answer":{"title":"An option's premium is the combination of its intrinsic value and time value. Intrinsic value is the in-the-money amount of an options contract, which, for a call option, is the amount above the strike price that the stock is trading. \r\r\r","index":"Not implemented","score":{"weight":0}}}},{"id":"si326102","class":"TODO::Senthil","instance":"Button_200","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide326204q17","for":"Slide326204q17"},"textData":{}}},{"id":"si326114","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide326204q17","for":"Slide326204q17"},"textData":{}}},{"id":"si326126","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide326204q17","for":"Slide326204q17"},"textData":{}}},{"id":"si326158","class":"TODO::Senthil","instance":"Text_Caption_657","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"textData":{}}},{"id":"si326190","class":"TODO::Senthil","instance":"Text_Caption_658","title":"Incorrect - The correct answer is A, B, C and D. Click anywhere or press ‘y’ to continue.  ","roles":{"textData":{}}},{"id":"Slide326204","class":"Question Slide","instance":"Question 4","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2584","si326019","si326034","si326045","si326056","si326067","si326102","si326114","si326126"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide326204"},"question":{"interactionId":"325985","quizId":733,"title":"Multiple Choice","text":"Select the statements below that are true. (select all that apply)\r","ikc":true,"type":"knowledgeCheck","interactionType":"choice","ramdomized":false,"correctAnswers":["A","B","C","D"]}}},{"id":"Text_Caption_1615","class":"TODO::Senthil","instance":"Text_Caption_1615","title":"QUIZ ","roles":{"textData":{}}},{"id":"si206756","class":"TODO::Senthil","instance":"Text_Caption_480","roles":{}},{"id":"si206679","class":"TODO::Senthil","instance":"Text_Caption_458","title":"A stock option contract typically represents 100 shares of the underlying stock, but options may be written on any sort of underlying asset from bonds to currencies to commodities.  ","roles":{"textData":{}}},{"id":"si206690","class":"TODO::Senthil","instance":"Text_Caption_476","title":"A) ","roles":{"textData":{}}},{"id":"si206694","class":"TODO::Senthil","instance":"Text_Caption_477","title":"True ","roles":{"textData":{}}},{"id":"si206690_a","class":"TODO::Senthil","instance":"48_51","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si206701","class":"TODO::Senthil","instance":"Text_Caption_478","title":"B) ","roles":{"textData":{}}},{"id":"si206705","class":"TODO::Senthil","instance":"Text_Caption_479","title":"False ","roles":{"textData":{}}},{"id":"si206701_a","class":"TODO::Senthil","instance":"50_52","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si206868","class":"TODO::Senthil","instance":"Button_150","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206990q18","for":"Slide206990q18"},"textData":{}}},{"id":"si206880","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206990q18","for":"Slide206990q18"},"textData":{}}},{"id":"si206892","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide206990q18","for":"Slide206990q18"},"textData":{}}},{"id":"si206731","class":"TODO::Senthil","instance":"SmartShape_21","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide206990q18"},"textData":{}}},{"id":"si206750","class":"TODO::Senthil","instance":"SmartShape_22","title":"Incorrect. The correct answer is True. A stock option contract typically represents 100 shares of the underlying stock, but options may be written on any sort of underlying asset from bonds to currencies to commodities. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide206990q18"},"textData":{}}},{"id":"Slide206990","class":"Question Slide","instance":"Question 5","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1615","si206679","si206694","si206705","si206868","si206880","si206892"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide206990"},"question":{"interactionId":"206639","quizId":733,"title":"True/False","text":"A stock option contract typically represents 100 shares of the underlying stock, but options may be written on any sort of underlying asset from bonds to currencies to commodities.\r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_1616","class":"TODO::Senthil","instance":"Text_Caption_1616","title":"QUIZ ","roles":{"textData":{}}},{"id":"si207138","class":"TODO::Senthil","instance":"Text_Caption_486","roles":{}},{"id":"si207061","class":"TODO::Senthil","instance":"Text_Caption_481","title":"Fluctuations in option prices can be explained by intrinsic value and extrinsic value, which is also known as time value.   ","roles":{"textData":{}}},{"id":"si207072","class":"TODO::Senthil","instance":"Text_Caption_482","title":"A) ","roles":{"textData":{}}},{"id":"si207076","class":"TODO::Senthil","instance":"Text_Caption_483","title":"True ","roles":{"textData":{}}},{"id":"si207072_a","class":"TODO::Senthil","instance":"48_53","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si207083","class":"TODO::Senthil","instance":"Text_Caption_484","title":"B) ","roles":{"textData":{}}},{"id":"si207087","class":"TODO::Senthil","instance":"Text_Caption_485","title":"False ","roles":{"textData":{}}},{"id":"si207083_a","class":"TODO::Senthil","instance":"50_54","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si207250","class":"TODO::Senthil","instance":"Button_153","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207372q19","for":"Slide207372q19"},"textData":{}}},{"id":"si207262","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207372q19","for":"Slide207372q19"},"textData":{}}},{"id":"si207274","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207372q19","for":"Slide207372q19"},"textData":{}}},{"id":"si207113","class":"TODO::Senthil","instance":"SmartShape_23","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide207372q19"},"textData":{}}},{"id":"si207132","class":"TODO::Senthil","instance":"SmartShape_24","title":"Incorrect. The correct answer is True. Fluctuations in option prices can be explained by intrinsic value and extrinsic value, which is also known as time value. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide207372q19"},"textData":{}}},{"id":"Slide207372","class":"Question Slide","instance":"Question 6","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1616","si207061","si207076","si207087","si207250","si207262","si207274"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide207372"},"question":{"interactionId":"207017","quizId":733,"title":"True/False","text":"Fluctuations in option prices can be explained by intrinsic value and extrinsic value, which is also known as time value. \r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_1617","class":"TODO::Senthil","instance":"Text_Caption_1617","title":"QUIZ ","roles":{"textData":{}}},{"id":"si207508","class":"TODO::Senthil","instance":"Text_Caption_493","roles":{}},{"id":"si207431","class":"TODO::Senthil","instance":"Text_Caption_488","title":"Time value represents the added value an investor has to pay for an option above the intrinsic value. This is the extrinsic value or time value.   ","roles":{"textData":{}}},{"id":"si207442","class":"TODO::Senthil","instance":"Text_Caption_489","title":"A) ","roles":{"textData":{}}},{"id":"si207446","class":"TODO::Senthil","instance":"Text_Caption_490","title":"True ","roles":{"textData":{}}},{"id":"si207442_a","class":"TODO::Senthil","instance":"48_55","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si207453","class":"TODO::Senthil","instance":"Text_Caption_491","title":"B) ","roles":{"textData":{}}},{"id":"si207457","class":"TODO::Senthil","instance":"Text_Caption_492","title":"False ","roles":{"textData":{}}},{"id":"si207453_a","class":"TODO::Senthil","instance":"50_56","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si207620","class":"TODO::Senthil","instance":"Button_156","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207742q20","for":"Slide207742q20"},"textData":{}}},{"id":"si207632","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207742q20","for":"Slide207742q20"},"textData":{}}},{"id":"si207644","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide207742q20","for":"Slide207742q20"},"textData":{}}},{"id":"si207483","class":"TODO::Senthil","instance":"SmartShape_25","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide207742q20"},"textData":{}}},{"id":"si207502","class":"TODO::Senthil","instance":"SmartShape_26","title":"Incorrect. The correct answer is True. Time value represents the added value an investor has to pay for an option above the intrinsic value. This is the extrinsic value or time value. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide207742q20"},"textData":{}}},{"id":"Slide207742","class":"Question Slide","instance":"Question 7","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1617","si207431","si207446","si207457","si207620","si207632","si207644"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide207742"},"question":{"interactionId":"207391","quizId":733,"title":"True/False","text":"Time value represents the added value an investor has to pay for an option above the intrinsic value. This is the extrinsic value or time value. \r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_1619","class":"TODO::Senthil","instance":"Text_Caption_1619","title":"QUIZ ","roles":{"textData":{}}},{"id":"si208248","class":"TODO::Senthil","instance":"Text_Caption_507","roles":{}},{"id":"si208171","class":"TODO::Senthil","instance":"Text_Caption_502","title":"There are four classes of options—call options and put options.   ","roles":{"textData":{}}},{"id":"si208182","class":"TODO::Senthil","instance":"Text_Caption_503","title":"A) ","roles":{"textData":{}}},{"id":"si208186","class":"TODO::Senthil","instance":"Text_Caption_504","title":"True ","roles":{"textData":{}}},{"id":"si208182_a","class":"TODO::Senthil","instance":"48_59","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si208193","class":"TODO::Senthil","instance":"Text_Caption_505","title":"B) ","roles":{"textData":{}}},{"id":"si208197","class":"TODO::Senthil","instance":"Text_Caption_506","title":"False ","roles":{"textData":{}}},{"id":"si208193_a","class":"TODO::Senthil","instance":"50_60","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si208360","class":"TODO::Senthil","instance":"Button_162","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208482q21","for":"Slide208482q21"},"textData":{}}},{"id":"si208372","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208482q21","for":"Slide208482q21"},"textData":{}}},{"id":"si208384","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208482q21","for":"Slide208482q21"},"textData":{}}},{"id":"si208223","class":"TODO::Senthil","instance":"SmartShape_29","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide208482q21"},"textData":{}}},{"id":"si208242","class":"TODO::Senthil","instance":"SmartShape_30","title":"Incorrect. The correct answer is False.  There are TWO classes of options—call options and put options. Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide208482q21"},"textData":{}}},{"id":"Slide208482","class":"Question Slide","instance":"Question 8","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1619","si208171","si208186","si208197","si208360","si208372","si208384"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide208482"},"question":{"interactionId":"208131","quizId":733,"title":"True/False","text":"There are four classes of options—call options and put options. \r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["B"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_1620","class":"TODO::Senthil","instance":"Text_Caption_1620","title":"QUIZ ","roles":{"textData":{}}},{"id":"si208618","class":"TODO::Senthil","instance":"Text_Caption_514","roles":{}},{"id":"si208541","class":"TODO::Senthil","instance":"Text_Caption_509","title":"A call is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price).  ","roles":{"textData":{}}},{"id":"si208552","class":"TODO::Senthil","instance":"Text_Caption_510","title":"A) ","roles":{"textData":{}}},{"id":"si208556","class":"TODO::Senthil","instance":"Text_Caption_511","title":"True ","roles":{"textData":{}}},{"id":"si208552_a","class":"TODO::Senthil","instance":"48_61","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si208563","class":"TODO::Senthil","instance":"Text_Caption_512","title":"B) ","roles":{"textData":{}}},{"id":"si208567","class":"TODO::Senthil","instance":"Text_Caption_513","title":"False ","roles":{"textData":{}}},{"id":"si208563_a","class":"TODO::Senthil","instance":"50_62","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si208730","class":"TODO::Senthil","instance":"Button_165","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208852q22","for":"Slide208852q22"},"textData":{}}},{"id":"si208742","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208852q22","for":"Slide208852q22"},"textData":{}}},{"id":"si208754","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide208852q22","for":"Slide208852q22"},"textData":{}}},{"id":"si208593","class":"TODO::Senthil","instance":"SmartShape_31","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide208852q22"},"textData":{}}},{"id":"si208612","class":"TODO::Senthil","instance":"SmartShape_32","title":"Incorrect. The correct answer is True. A call is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price). Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide208852q22"},"textData":{}}},{"id":"Slide208852","class":"Question Slide","instance":"Question 9","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_1620","si208541","si208556","si208567","si208730","si208742","si208754"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide208852"},"question":{"interactionId":"208497","quizId":733,"title":"True/False","text":"A call is an option contract in which the buyer pays a premium for the right, but not the obligation, to buy (go long) a commodity futures contract from the seller at an agreed upon price (strike or exercise price).\r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Text_Caption_2005","class":"TODO::Senthil","instance":"Text_Caption_2005","title":"QUIZ ","roles":{"textData":{}}},{"id":"si256880","class":"TODO::Senthil","instance":"Text_Caption_517","roles":{}},{"id":"si256803","class":"TODO::Senthil","instance":"Text_Caption_516","title":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price).   ","roles":{"textData":{}}},{"id":"si256814","class":"TODO::Senthil","instance":"Text_Caption_523","title":"A) ","roles":{"textData":{}}},{"id":"si256818","class":"TODO::Senthil","instance":"Text_Caption_524","title":"True ","roles":{"textData":{}}},{"id":"si256814_a","class":"TODO::Senthil","instance":"48_63","roles":{"answer":{"title":"True","index":"Not implemented","score":{"weight":0}}}},{"id":"si256825","class":"TODO::Senthil","instance":"Text_Caption_525","title":"B) ","roles":{"textData":{}}},{"id":"si256829","class":"TODO::Senthil","instance":"Text_Caption_526","title":"False ","roles":{"textData":{}}},{"id":"si256825_a","class":"TODO::Senthil","instance":"50_64","roles":{"answer":{"title":"False","index":"Not implemented","score":{"weight":0}}}},{"id":"si256992","class":"TODO::Senthil","instance":"Button_168","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide257030q23","for":"Slide257030q23"},"textData":{}}},{"id":"si257004","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide257030q23","for":"Slide257030q23"},"textData":{}}},{"id":"si257016","class":"TODO::Senthil","title":"Submit ","roles":{"click":{"subtype":"submit","question":"Slide257030q23","for":"Slide257030q23"},"textData":{}}},{"id":"si256855","class":"TODO::Senthil","instance":"SmartShape_33","title":"Correct - Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide257030q23"},"textData":{}}},{"id":"si256874","class":"TODO::Senthil","instance":"SmartShape_34","title":"Incorrect. The correct answer is True. A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price). Click anywhere or press ‘y’ to continue. ","roles":{"click":{"subtype":"button","question":"Slide257030q23"},"textData":{}}},{"id":"Slide257030","class":"Question Slide","instance":"Question 10","thumbnail":"","children":["Text_Caption_259","Text_Caption_461","Text_Caption_1463","Text_Caption_2005","si256803","si256818","si256829","si256992","si257004","si257016"],"roles":{"slide":{"durationInFrames":90},"navigation":{"navid":"Slide257030"},"question":{"interactionId":"256763","quizId":733,"title":"True/False","text":"A put is an option contract in which the buyer pays a premium for the right, but not the obligation, to sell (go short) a commodity futures contract at an agreed price (strike or exercise price). \r\r","ikc":false,"type":"graded","interactionType":"true-false","ramdomized":false,"correctAnswers":["A"],"score":{"weight":10,"penalty":0}}}},{"id":"Pool775","class":"pool","roles":{"pool":{"id":775,"name":"Pool1","questions":[]}}},{"id":"Module-9-Options","class":"project","title":"Module-9-Options","children":["Slide921","Slide9597","Slide126751","Slide171992","Slide128052","Slide301750","Slide302216","Slide313042","Slide301975","Slide300840","Slide302584","Slide313271","Slide322867","Slide323116","Slide303123","Slide302828","Slide303808","Slide303569","Slide304068","Slide313500","Slide323343","Slide323583","Slide323823","Slide304387","Slide305524","Slide304608","Slide305055","Slide305298","Slide304834","Slide305744","Slide305965","Slide313729","Slide313958","Slide324050","Slide324290","Slide303348","Slide306207","Slide306466","Slide314187","Slide306686","Slide306906","Slide307126","Slide307346","Slide307603","Slide314416","Slide307869","Slide308344","Slide314645","Slide308792","Slide314874","Slide309016","Slide315103","Slide309240","Slide309464","Slide309688","Slide315332","Slide309912","Slide310607","Slide310831","Slide324517","Slide324757","Slide310137","Slide310357","Slide315561","Slide315790","Slide324984","Slide325215","Slide318913","Slide319133","Slide319390","Slide326425","Slide319832","Slide320061","Slide325442","Slide325664","Slide233740","Slide199421","Slide205659","Slide206377","Slide326204","Slide206990","Slide207372","Slide207742","Slide208482","Slide208852","Slide257030"],"roles":{"quiz":{"id":733,"branched":false,"submitAll":false,"review":true,"questions":["Slide313042q0","Slide313271q1","Slide313500q2","Slide313729q3","Slide313958q4","Slide314187q5","Slide314416q6","Slide314645q7","Slide314874q8","Slide315103q9","Slide315332q10","Slide315561q11","Slide315790q12","Slide320061q13","Slide199421q14","Slide205659q15","Slide206377q16","Slide326204q17","Slide206990q18","Slide207372q19","Slide207742q20","Slide208482q21","Slide208852q22","Slide257030q23"],"minScore":0,"maxScore":80,"passScore":64}}}],"contentSettings":{"global":{"branchAware":false},"toc":{"enabled":false},"playbar":{"enabled":true,"cc":false,"playPause":true,"back":true,"forward":true,"rewind":true,"close":true,"mute":true,"progressBar":true}},"contentReporting":{"CCCriteria":"quiz","CCData":{"quizData":"quiz_passed"},"SCCriteria":"quiz","SCData":{"quizData":"quiz_passed"},"exitNormalIfCompleted":false},"toc":[{"id":"Slide921","title":"Slide 1"},{"id":"Slide9597","title":"TOC"},{"id":"Slide126751","title":"Learning Objectives"},{"id":"Slide171992","title":"Introduction"},{"id":"Slide128052","title":"Slide 5"},{"id":"Slide301750","title":"Slide 6"},{"id":"Slide302216","title":"Slide 7"},{"id":"Slide313042","title":"Slide 8"},{"id":"Slide301975","title":"Buyer’s Rights vs Seller’s Obligations"},{"id":"Slide300840","title":"Slide 10"},{"id":"Slide302584","title":"Slide 11"},{"id":"Slide313271","title":"Slide 12"},{"id":"Slide322867","title":"Slide 13"},{"id":"Slide323116","title":"Slide 14"},{"id":"Slide303123","title":"How Options Work"},{"id":"Slide302828","title":"Slide 16"},{"id":"Slide303808","title":"Slide 17"},{"id":"Slide303569","title":"Slide 18"},{"id":"Slide304068","title":"Slide 19"},{"id":"Slide313500","title":"Slide 20"},{"id":"Slide323343","title":"Slide 21"},{"id":"Slide323583","title":"Slide 22"},{"id":"Slide323823","title":"Slide 23"},{"id":"Slide304387","title":"Call Options & Put Options"},{"id":"Slide305524","title":"Slide 25"},{"id":"Slide304608","title":"Slide 26"},{"id":"Slide305055","title":"Slide 27"},{"id":"Slide305298","title":"Slide 28"},{"id":"Slide304834","title":"Slide 29"},{"id":"Slide305744","title":"Slide 30"},{"id":"Slide305965","title":"Slide 31"},{"id":"Slide313729","title":"Slide 32"},{"id":"Slide313958","title":"Slide 33"},{"id":"Slide324050","title":"Slide 34"},{"id":"Slide324290","title":"Slide 35"},{"id":"Slide303348","title":"How to Trade Options"},{"id":"Slide306207","title":"Slide 37"},{"id":"Slide306466","title":"Slide 38"},{"id":"Slide314187","title":"Slide 39"},{"id":"Slide306686","title":"Slide 40"},{"id":"Slide306906","title":"Slide 41"},{"id":"Slide307126","title":"Slide 42"},{"id":"Slide307346","title":"Slide 43"},{"id":"Slide307603","title":"Slide 44"},{"id":"Slide314416","title":"Slide 45"},{"id":"Slide307869","title":"Slide 46"},{"id":"Slide308344","title":"Slide 47"},{"id":"Slide314645","title":"Slide 48"},{"id":"Slide308792","title":"Slide 49"},{"id":"Slide314874","title":"Slide 50"},{"id":"Slide309016","title":"Slide 51"},{"id":"Slide315103","title":"Slide 52"},{"id":"Slide309240","title":"Slide 53"},{"id":"Slide309464","title":"Slide 54"},{"id":"Slide309688","title":"Slide 55"},{"id":"Slide315332","title":"Slide 56"},{"id":"Slide309912","title":"Slide 57"},{"id":"Slide310607","title":"Slide 58"},{"id":"Slide310831","title":"Slide 59"},{"id":"Slide324517","title":"Slide 60"},{"id":"Slide324757","title":"Slide 61"},{"id":"Slide310137","title":"Short-Term Options vs. Long-Term Options"},{"id":"Slide310357","title":"Slide 63"},{"id":"Slide315561","title":"Slide 64"},{"id":"Slide315790","title":"Slide 65"},{"id":"Slide324984","title":"Slide 66"},{"id":"Slide325215","title":"Slide 67"},{"id":"Slide318913","title":"Margins on Options"},{"id":"Slide319133","title":"Slide 69"},{"id":"Slide319390","title":"Slide 70"},{"id":"Slide326425","title":"Slide 71"},{"id":"Slide319832","title":"Slide 72"},{"id":"Slide320061","title":"Slide 73"},{"id":"Slide325442","title":"Slide 74"},{"id":"Slide325664","title":"Slide 75"},{"id":"Slide233740","title":"Quick Quiz"},{"id":"Slide199421","title":"Question 1"},{"id":"Slide205659","title":"Question 2"},{"id":"Slide206377","title":"Question 3"},{"id":"Slide326204","title":"Question 4"},{"id":"Slide206990","title":"Question 5"},{"id":"Slide207372","title":"Question 6"},{"id":"Slide207742","title":"Question 7"},{"id":"Slide208482","title":"Question 8"},{"id":"Slide208852","title":"Question 9"},{"id":"Slide257030","title":"Question 10"}]}