Options Strategy

Please choose the most appropriate answer for each sentence.
  • 1

    A price ..... is created when a person buys and sells call options on the same stock or buys and sells puts on the same stock; it gets its name from the vertical movement of prices, and in this options strategy, the strike prices are different but the months are the same.

  • 2

    ..... acquisitions are usually of noncompeting companies where one's product is a necessary component or complement of the other's; such acquisitions can achieve procompetitive efficiency benefits, lowering transaction costs and leading to synergistic improvements in design, production and distribution.

  • 3

    To ..... is to express an asset or liability in terms of a currency or denomination other than the one in which it usually trades.

  • 4

    With a sell ..... order, the limit orders will increase in price, allowing the trader to take advantage of increasing prices, thereby locking in higher returns.

  • 5

    The 12b-1 ..... was born in 1980 under the authorization of the Securities Exchange Commission; its name is derived from the section in the Investment Company Act of 1940 that allows a mutual fund to pay distribution and marketing expenses out of the fund's assets.

  • 6

    An unblemished credit history with a positive credit report will be the leading contender for ..... loans; a good credit history will ensure you get the loan with no collateral.

  • 7

    Charitable ..... Trusts offer current income tax deductions and a reduction of capital gains taxes: charities become the income beneficiaries, receiving a steady stream of income during the owner's lifetime, but at the owner's death, named beneficiaries receive the bulk of the CLT's assets.

  • 8

    When you finance or lease a vehicle, your creditor or lessor holds important rights on the vehicle until you've made the last loan payment or fully paid off your leasing obligation; if your payments are late or you default on your contract in any way, your creditor or lessor may have the right to ..... your car.

  • 9

    ..... traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits, which is extremely risky and can result in substantial financial losses in a very short period of time.

  • 10

    ..... or cover letter accompanies a larger item, usually a document, provides the recipient with a specific context in which to place the larger document and simultaneously gives the sender a permanent record of having sent the material.

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