1. What is the approximate value of delta for a deep-in-the-money call? 1.0 0.5 -0.5 0.1

2. Vega is least for options that are ______. out of the money in the money near the money deep in the money

3. Options on foreign currencies trade primarily on _______. the New York Stock Exchange the Chicago Board Options Exchange the American Stock Exchange the Philadelphia Stock Exchange

4. A trader sold a Sep 50 put for $5. At expiration, the stock closed at $53. What was the net result after the trader delivered the stock? $3 profit $2 profit $1 loss $5 profit

5. Who wins when a market is cornered? Shorts Longs Both Neither