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Day 2 [Unlock Your Trading Knowledge with Webull] Quiz 2

Answer the questions below and stand a chance to win a Marshall Emberton II worth $299!

Q1: Does Webull charge platform fees for US Options trading?

  1. Yes

  2. No

Q2: An Index Option is a contract that gives the buyer (the owner or holder) the right to buy or sell the value of the underlying index at a specified strike price.

  1. True

  2. False

Q3: What does the acronym OPRA stand for in the context of trading?

  1. Options Price Reporting Authority

  2. Order Processing and Routing Agency

  3. Options Pricing and Risk Analysis

  4. Online Portfolio and Risk Assessment

Q4: Open-Ended Question -

What strategies do you typically use when trading options? How do they differ from your approach to trading shares?

The winner will be chosen based on:

i. highest number of correct answers on the multiple-choice questions; and

ii. most insightful and/or informative answer in the written format.

Good luck! ✨

For more info on the prizes and terms & conditions, visit here: https://bit.ly/3ru3z8b

This campaign is brought to you by Seedly and Webull. (https://seedly.sg/reviews/online-brokerages/web...)

Discussion (30)

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Q1: 2

Q2: 1

Q3: 1

Q4: I primarily use covered call strategy when trading options, which involves selling call options against shares I already own to earn extra income. When it comes to trading shares, I simply buy and sell the stocks directly in the market to make a profit. Options trading allows me to manage risks more effectively and requires less capital compared to trading shares.

Q1: 2

Q2: 1

Q3: 1

Q4: I do not typically trade options. However, in my limited experience in trading options, I usually use Long Calls when I feel bullish on the asset and I predict that the asset price is going up. Otherwise, I will use Short Puts when I feel bearish on the asset and I predict that the price is going down.

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  4. When trading options, I tend to focus on strategies like vertical spreads, iron condors, and straddles, which allow me to capitalize on volatility and market movements. These options strategies offer various ways to manage risk and generate income. In contrast, when trading shares, my approach is more straightforward, relying on fundamental and technical analysis to identify undervalued stocks or those with growth potential. While options trading involves more complex strategies and involves leveraging, trading shares is generally considered a more traditional and long-term investment approach.
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  4. When trading options, I typically employ a mix of strategies depending on market conditions and my risk tolerance. One of the strategies I frequently use is the covered call, where I own the underlying stock and sell call options against it to generate income. Additionally, I employ vertical spreads, such as bull call spreads or bear put spreads, to benefit from directional moves in the underlying asset while minimizing risk. Moreover, I also engage in iron condors and butterfly spreads to capitalize on range-bound markets and take advantage of volatility. My approach emphasizes risk management, and I always set clear stop-loss orders and position sizes to protect my capital and maintain a disciplined trading plan.
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  4. When it comes to trading options, my strategies revolve around a combination of an...

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