Series 3 Practice Test 14

10 free Series 3 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 3 Practice Test 14Tutor mode

Question 1 of 10

Market Knowledge

A trader sells 1 November soybean put option (5,000 bushels) with an $11.00 strike for 25¢/bu. Before expiration she is assigned when November futures are $10.60 and immediately offsets the resulting futures position at $10.60. November futures later rally to $11.20. Ignoring commissions, what is her total result?