ruclips.net/video/XIl9u-p-jXo/видео.html is the next lecture in the sequence. Another covered call ruclips.net/video/Ky4TpZ1rFYs/видео.html a protective put ruclips.net/video/aAh5vwTBZIY/видео.html a protective call ruclips.net/video/JrIFmOiPQ6Q/видео.html
I was doing the simulation exams with Kaplan and getting in the low 60's because of the option questions as they were killing me. After just the first 2 videos I got all the questions right at the end of your slides and feel all ready way more confident. I am genuinely excited for the next video and to crush options out of the park! These videos are so helpful, a colleague of mine just passed and said he watched all your options, bonds and general series 7 videos so I will be doing the same, thank you again!
The devil works hard, but Dean works harder! Thank you so much for this video.. my brain exploded around the 50 min. mark and it all started clicking. Continuing to make my way through your invaluable content, forever grateful to you!!
Thank you so much for your videos. I have Kaplan, Achievable and another tutors videos, and still did NOT understand even basic options. I do now and I can't tell you how grateful I am. Thank you for explaining in simple terms and also what we might see it as on the exam. I have failed the 7 once already because it was full of Options and I was just lost. I have hope for my second round!! Thank again!!
Hello Dean! Quick question, if I get a question that says "investor is long 100 shares of APPL @ 117 and writes 1 AAPL Mar 125 call @ 11, what is the cost basis?" Will it be "106"? Or will it be "$11,700"? I ask because i have seen a few questions i have gotten wrong on the study material where i assume the question wants to get tricky and it turns out it is the number of shares (100) in the contract multiplied by the price paid (117). How do i know exactly which one to pick on exam? I test on saturday the 31st and just want to make sure i have Options drilled down 100%
Hi dean I am scheduled to take the S7 next Monday and i am getting high 60s on my STC practice tests and high 70s on the TC tests, I am very worried I'm not sure what I should do. I was wondering if you have any advise for me. Thank you very much!
Glad you find the lectures helpful. Max gain in short stock is when the stock goes from the breaken to zero. Short 100 shares of Zoom at $118 a share and buy 1 ZOOM Jun call @ 3. Breakeven is 115 (+118-3). Zoom goes to zero make 115 a share or $11,500. That is the maximum gain. The long call is not about max gain about max loss.
There is no such thing as a protective put on a short stock position. To effectively hedge a short stock position need a long call. Short stock and short stock still exposes the customer to UNLIMITED RISK. It is a speculative position.
@@Series7Guru sorry that was a typo on my part, I meant to say does a Protective Call on Short Stock Position count as a Speculative Position. I understand how everything works, the only thing that confuses me is very minimal but is that a speculative position means you don’t own the stock but a stock position means you do. However if you are short a stock you have it on margin, but it’s still under the street name of the broker. Is the reason a protective call, not speculative bc, if the price does increase infinitely you have the choice to buy @ XP on your Long Call Option? Sorry if I’m all over the place.
@@HaHaNicee you are over thinking it. Yes a smart bear because you changed your short stock position from unlimited risk to limited because you can exercise the call at the strike and return the borrowed stock.
@@Series7Guru okay perfect, makes sense. I tend to overthink things and make them extensively more difficult than they actually are. Btw, I credit you for being the sole reason I passed the SIE lol, I did the entire course of Kaplan including qbank and was left very confused when it came to the FINRA practice exam, stumbled upon your channel watched everything and by the time I finished I was completely ready and killed the test. Now I have spent an exuberant amount of time watching every lecture you have on the series 7 and feel extremely confident. Thank you for the amazing lectures, explications, and hard work you do!
@@HaHaNicee always very gratifying when my channel contributes to test taking victories like yours. Kudos on your SIE testing victory. One down. Two more to go.
No. The strike price price is not relevant to calculating the breakeven in stock positions plus option positions. The numbers that are relevant are the cost for the long stock position paid and the premium received (minus from the stock cost for breakeven) or the premium paid (add to the stock cost for breakeven). Strike prices are relevant for maximum gain and maximum loss. Strike price plus or minus premium for breakevens is for all the other option positions. Lecture 2 1. Long call 2. Short call 3. Long put 4. Short put Lecture 4 5. Call spreads 6. Put spreads 7. Straddles (two breakevens)
@@alishadhs4 stock plus options is when not to use it. Minute you read shares different path than speculators. Don't know if it makes you feel better but a common challenge. I am not worried when a test taker is challenged in the same way. I am worried when they are challenged in some way I have never seen. Lol.
@@Series7Guru so when I see "long/short 100 ABC..." then I am not using call up/put down and am going to use the premium to the stock (subtract premium if it was received and add premium if it was paid)?
@@alishadhs4 for long stock you got it! Two buys (long stock and long put) or two sells (short stock and short a put) combine or total. A buy and a sell net (long stock and short a call or short the stock and buy a call). Short stock will be money in so combine if short put combine money in for the with money in for the put and if long call net. Short stock mainly recognition. Short the stock and short a put. NOT SMART! Short stock and long a call. VERY SMART!
The first two hour video is lecture 1 and 2. This is lecture 3. 1 and 2 are the one before this. Here is the link to lecture one and two. ruclips.net/video/VkZPeOZEEcY/видео.html
ruclips.net/video/XIl9u-p-jXo/видео.html is the next lecture in the sequence. Another covered call ruclips.net/video/Ky4TpZ1rFYs/видео.html a protective put ruclips.net/video/aAh5vwTBZIY/видео.html a protective call ruclips.net/video/JrIFmOiPQ6Q/видео.html
I was doing the simulation exams with Kaplan and getting in the low 60's because of the option questions as they were killing me. After just the first 2 videos I got all the questions right at the end of your slides and feel all ready way more confident. I am genuinely excited for the next video and to crush options out of the park! These videos are so helpful, a colleague of mine just passed and said he watched all your options, bonds and general series 7 videos so I will be doing the same, thank you again!
Glad to hear of the increase in your options prowess. Will pay big dividends on your exam!
The devil works hard, but Dean works harder! Thank you so much for this video.. my brain exploded around the 50 min. mark and it all started clicking. Continuing to make my way through your invaluable content, forever grateful to you!!
That is what Gurus do. Let test takers to enlightenment. Lol.
Glad it clicked and you found it helpful.
Just passed my 7 this morning! Your videos were super helpful! I will definitely send people towards your channel sir! Thank you
Kudos on making your mark! And thanks for the referrals.
Great lectures, just took the 7 and passed. I really appreciate everything you do. You da man!
Kudos!!!! 63 or 66 next?
Already have the 63, so I am good for now 😅, I’m definitely going to pass on your channel to coworkers
@@SirShacks thanks for the referrals.
You are a National treasure for this sir I’ve learned so much from you
So glad to hear that you are learning new things on the channel.
Dean just casually mentions he knows Mark Cuban? Dean is a legend.
yep
Another successful lecture. Dean, you're the best!
Glad you found it helpful.
Thank you so much for your videos. I have Kaplan, Achievable and another tutors videos, and still did NOT understand even basic options. I do now and I can't tell you how grateful I am. Thank you for explaining in simple terms and also what we might see it as on the exam. I have failed the 7 once already because it was full of Options and I was just lost. I have hope for my second round!! Thank again!!
So glad you are understanding options better. Understanding requires a lot less memorization and will net you lots of test points.
Thank you so much for posting these lectures! I hope you get to teach in a classroom again soon.
Glad you found it helpful. Fingers crossed for a live real class instead of virtual class.
Really helpful lecture! Thank you! Dean
Glad you found it helpful.
The best !
Thank you
thank you, taking the 7 next week, these are super helpful
You are welcome. Glad you found these lectures helpful.
Bon chance mon ami. Post your victory next week on my sub Reddit r/Series7.
@@Series7Guru thank you. I got this!
@@1sjwalla how did it go?!
Hello Dean! Quick question, if I get a question that says "investor is long 100 shares of APPL @ 117 and writes 1 AAPL Mar 125 call @ 11, what is the cost basis?" Will it be "106"? Or will it be "$11,700"? I ask because i have seen a few questions i have gotten wrong on the study material where i assume the question wants to get tricky and it turns out it is the number of shares (100) in the contract multiplied by the price paid (117). How do i know exactly which one to pick on exam? I test on saturday the 31st and just want to make sure i have Options drilled down 100%
Cost basis is 117 per share.
Thank you sooo much I really appreciate your work.
You are welcome.
Hi dean I am scheduled to take the S7 next Monday and i am getting high 60s on my STC practice tests and high 70s on the TC tests, I am very worried I'm not sure what I should do. I was wondering if you have any advise for me. Thank you very much!
You will be fine. Keep grinding. Do the TestGeek practice test playlist. It will give you a score that reflects the actual exam.
Hi Dean, i absolutely love your lectures. I have one question on the short position long a call. What is the maximum profit?? Or did i miss that part
Glad you find the lectures helpful. Max gain in short stock is when the stock goes from the breaken to zero.
Short 100 shares of Zoom at $118 a share and buy 1 ZOOM Jun call @ 3.
Breakeven is 115 (+118-3). Zoom goes to zero make 115 a share or $11,500. That is the maximum gain.
The long call is not about max gain about max loss.
@@Series7Guru That was extremely helpful. I appreciate it
Can you please provide the link to lecture 2?
ruclips.net/video/VkZPeOZEEcY/видео.html
very helpful. 😀thanks.
Glad you found it helpful test taking weekend warrior.
Does a protective put on a short stock position not count as speculatory, because you technically have the stock but on margin?
There is no such thing as a protective put on a short stock position. To effectively hedge a short stock position need a long call. Short stock and short stock still exposes the customer to UNLIMITED RISK. It is a speculative position.
@@Series7Guru sorry that was a typo on my part, I meant to say does a Protective Call on Short Stock Position count as a Speculative Position. I understand how everything works, the only thing that confuses me is very minimal but is that a speculative position means you don’t own the stock but a stock position means you do. However if you are short a stock you have it on margin, but it’s still under the street name of the broker. Is the reason a protective call, not speculative bc, if the price does increase infinitely you have the choice to buy @ XP on your Long Call Option?
Sorry if I’m all over the place.
@@HaHaNicee you are over thinking it. Yes a smart bear because you changed your short stock position from unlimited risk to limited because you can exercise the call at the strike and return the borrowed stock.
@@Series7Guru okay perfect, makes sense. I tend to overthink things and make them extensively more difficult than they actually are.
Btw, I credit you for being the sole reason I passed the SIE lol, I did the entire course of Kaplan including qbank and was left very confused when it came to the FINRA practice exam, stumbled upon your channel watched everything and by the time I finished I was completely ready and killed the test. Now I have spent an exuberant amount of time watching every lecture you have on the series 7 and feel extremely confident. Thank you for the amazing lectures, explications, and hard work you do!
@@HaHaNicee always very gratifying when my channel contributes to test taking victories like yours. Kudos on your SIE testing victory. One down. Two more to go.
For breakevens, in the case of a stock position being dominate, do you always ADD the strike plus premium whether its a call OR a put?
No. The strike price price is not relevant to calculating the breakeven in stock positions plus option positions. The numbers that are relevant are the cost for the long stock position paid and the premium received (minus from the stock cost for breakeven) or the premium paid (add to the stock cost for breakeven). Strike prices are relevant for maximum gain and maximum loss.
Strike price plus or minus premium for breakevens is for all the other option positions.
Lecture 2
1. Long call
2. Short call
3. Long put
4. Short put
Lecture 4
5. Call spreads
6. Put spreads
7. Straddles (two breakevens)
@@Series7Guru I think what is confusing me is when NOT to use the call up and put down mnemonic.
@@alishadhs4 stock plus options is when not to use it. Minute you read shares different path than speculators. Don't know if it makes you feel better but a common challenge. I am not worried when a test taker is challenged in the same way. I am worried when they are challenged in some way I have never seen. Lol.
@@Series7Guru so when I see "long/short 100 ABC..." then I am not using call up/put down and am going to use the premium to the stock (subtract premium if it was received and add premium if it was paid)?
@@alishadhs4 for long stock you got it!
Two buys (long stock and long put) or two sells (short stock and short a put) combine or total. A buy and a sell net (long stock and short a call or short the stock and buy a call).
Short stock will be money in so combine if short put combine money in for the with money in for the put and if long call net.
Short stock mainly recognition. Short the stock and short a put. NOT SMART!
Short stock and long a call. VERY SMART!
Does the SIE exam have to be taken first, before Series 7 exam.
No. But registration will not be effective without a passing mark on the SIE. SIE requires no sponsorship. Series 7 requires sponsorship.
Good stuff
Thanks.
Dean I am not seeing Options Lecture 1 of 4... I must have started with #2.
The first two hour video is lecture 1 and 2. This is lecture 3. 1 and 2 are the one before this. Here is the link to lecture one and two.
ruclips.net/video/VkZPeOZEEcY/видео.html
@@Series7Guru Okay thank you! In video #3 you said this was video 3 of 4 and I got worried because I had only watched one.
@@danielaconley1660 on me. You are not the first to be confused. Based on your input just changed the lecture titles.
You’ve got a hell of a Rottweiler, Dean, if that bad boy can protect 10acres of land!!
Only had to protect the house and its inhabitants not the raw land. Lol.