1. What is an important way for traders and investors to protect themselves from illegal activities? Keep your funds and your money manager separate. Make sure the manager of your funds has no authority to withdraw your funds. Have your funds deposited with an independent clearing organization. All of the above

2. The owner of a put that expires in the money (ignore cash settlement options) _______. must accept delivery of the underlying asset may accept delivery of the underlying asset may deliver the underlying asset must deliver the underlying asset when the FCM calls for it

3. Traditional futures trading takes place in _____. barns pits homes offices

4. The combination of selling a put and buying another put with the same expiration and a higher strike price is called a ______. bull put spread bear put spread straddle strangle.