Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A covered call is used to generate income on a long stock position, but it caps the potential upside gain. - A protective put acts like insurance for a long stock position, providing downside protection while allowing for unlimited potential gain. - A collar combines a protective put with a covered call to provide downside protection at a reduced cost, but it also limits upside potential. - A cash-secured put is a strategy used to acquire stock at a price below its current market value by selling a put option and setting aside the cash to purchase the shares. - How to calculate breakeven, maximum gain, and maximum loss for each of these core Series 7 options strategies. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep