If You Want the Right, but Not the Obligation, to Sell

question 33

Multiple Choice

If you want the right, but not the obligation, to sell a stock at a specified price you should:

• A)buy a call.
• B)sell a call.
• C)buy a put.
• D)sell a put.
• E)either sell a call or buy a put.

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Definitions:

Fighting Words

Words which by their very utterance inflict injury or tend to incite an immediate breach of the peace, not protected by free speech.

First Amendment

An addition to the United States Constitution that prohibits the government from interfering with freedom of religion, speech, assembly, and the press.

Incite

To encourage or stir up violent or unlawful behavior.

Substantial Government Interest

A significant justification employed by the government to enforce regulations, usually in areas impacting health, safety, and welfare.