Just got out of the exam room and PASSED my 7, thanks Dean! Telling you before calling my mom because that’s how integral of a part you played in my success!
By God’s grace I passed my series 7 on the first try. Your videos have been very helpful and easy to understand during my studying period and truly appreciate you for posting the videos on TH-cam for all of us to use for free. Thank you
I passed my exam today! I was completely distraught just a couple days ago because I just couldn’t understand options. This video really turned things around for me. Thank you sir!!!
You are the man Dean! This video single handily helped me pass the series 7 Exam, I didn't have my hopes up until I say this the day of. Thank you, keep up the good work!
Spreads and straddles have really been stressing me out, even with rewatching the videos in my curriculum. This video really helped make it click for the first time and I got all of your practice questions right. What a relief! Thank you for all you do!
Thank you so much, Dean! A good way to remember Widen and Narrow is you always want to WIDEN your DEBIT card account and NARROW your CREDIT card account! I still think its much easier to just count the number of letters in each word.
This is the BEST explanation of spreads and straddles!! I take my test next week Friday and I am nervous... Kaplan Q bank kicked my butt yesterday! Than you for all your content!!!
Can't thank you enough for these videos, just passed my 7 this morning! I got several extremely challenging options questions, one was involving profit/loss on a collar, several others with no premium given and you had to sort out what was going on. Also a couple tax and cost basis questions related to options and covered calls....need to really have it nailed down so anyone taking the test - practice, practice, practice in this area!!
Kudos on passing your Series 7 exam! Practice, drill, rehearse is good advice. Inch by inch options are cinch. Yard by yard options are hard. Thanks for paying it forward with your advice and debrief. What's next? 63? 66?
Just passed the top off today! Your options video esp the stock with options really helped me as they showed up on my set! Thanks for doing what you do. Now I’ll be browsing your 63 videos!
Just wanted to thank you, Dean. May god continually bless you. Significant assistance that creates significant success! This opened up options in a way that makes sense. Thank you, thank you ‼️🙏🏿
Yesss taking my 7 tomorrow morning. This would be a perfect refresher right before I take my test. Thanks Dean, you’ve really given me the confidence to pass this test!
I take my Series 7 tomorrow at 10:15AM! Been studying for 3 weeks using Kaplan (firm provided) and am feeling confident! Just need help where with straddles and spreads and I should be golden!
Hey there I am near the end of my studying here for the Series 57. feeling pretty comfortable with almost everything and ready to schedule the exam. The one thing I am thinking how much to spend more time on is. Advanced options strategies, Condors, Butterflys, Etc. Do you find these these Advanced Options strategies are tested often on the Series 57 Exam. I feel pretty comfortable with Straddles and Spreads. Wondering how much to deep dive into these other more complex ones.
The breakeven in a call spread (debit or credit) is C. A. L Call Add to the Lower. You add the net premium (debit or credit) to the lower strike. I am sure no discrepancy just being explained differently. Do one. You will at the same breakeven.
Hello Guru, quick question...For Net Debit, is the difference in the premiums always the 'Max Loss' and for Net Credits, is the difference in premiums always the 'Max Gain'? Thank you for all the content! I take my 2nd pass at the 7 this Thursday. Hope all is well with you!
Test day tomorrow Dean, any things I should 100% review before I head in there? Should I take a test? Play memory gsme? I am feeling confident but kaplan questions are messing with me hard today
@@EliGutie Kudos on passing your Series 7 exam! I knew your dedication and discipline in executing your study plan would deliver you the passing score.
@@Series7Guru there was a question on there where the client wants to buy 10 bonds and there is a list of bonds some at discoun,t, others and premium and it asked which ones would be the ones to buy for the clients . Super weird question Another one was where there was a long all with a lremium of 3 and short call with a premium of 4 and the question was what the cap gain/loss was but they said that they bought the long call at 5 and sold the short call at 2 Im not sure exact terminology but those questions were the ones that threw me for a loop Hopefully you may understand what they were asking 😂 Thanks again Dean!
@@EliGutie that was a credit spread opened for a net credit of 1 and closed for a net debit of 3. Speead widened from 1 to 3. Customer lost 2 points. You would not sell the short call. You woukd buy it back.
A customer buys 1 XYZ Aug 50 put at 1 and sells 1 XYZ Aug 65 put at 10 when XYZ is at 58. If XYZ is at 52 at expiration, the customer has.? The equation didn’t work on this one
Watch this next th-cam.com/video/XIl9u-p-jXo/w-d-xo.html
Just got out of the exam room and PASSED my 7, thanks Dean! Telling you before calling my mom because that’s how integral of a part you played in my success!
Lol. Thsnks. Kudos on your Series 7 testing victory!
By God’s grace I passed my series 7 on the first try. Your videos have been very helpful and easy to understand during my studying period and truly appreciate you for posting the videos on TH-cam for all of us to use for free. Thank you
I passed my exam today! I was completely distraught just a couple days ago because I just couldn’t understand options. This video really turned things around for me. Thank you sir!!!
Kudos! Always very gratifying when this video contributes to test taking victories like yours .
This was very helpful! Please add more!
There are already many, many mire
You are the man Dean! This video single handily helped me pass the series 7 Exam, I didn't have my hopes up until I say this the day of. Thank you, keep up the good work!
Kudos on your Series 7 testing victory!
Always very gratifying when this video contributes to test taking victories like yours.
Spreads and straddles have really been stressing me out, even with rewatching the videos in my curriculum. This video really helped make it click for the first time and I got all of your practice questions right. What a relief! Thank you for all you do!
Glad it clicked. Definitely get you some points on your exam. Always very gratifying when a video helps it click with a test taker like yourself.
Thank you so much, Dean! A good way to remember Widen and Narrow is you always want to WIDEN your DEBIT card account and NARROW your CREDIT card account! I still think its much easier to just count the number of letters in each word.
Great tip!
Best tip I’ve heard, this stuck with me so well. I used it to pass my 7.
OORAH Brother & Thanks for the video. Very educational. Taking my Series 7 in 3 days. Glad I found your channel. Semper Fi!
Semper Fi! You got this!
This is the BEST explanation of spreads and straddles!! I take my test next week Friday and I am nervous... Kaplan Q bank kicked my butt yesterday! Than you for all your content!!!
You got this!
Can't thank you enough for these videos, just passed my 7 this morning! I got several extremely challenging options questions, one was involving profit/loss on a collar, several others with no premium given and you had to sort out what was going on. Also a couple tax and cost basis questions related to options and covered calls....need to really have it nailed down so anyone taking the test - practice, practice, practice in this area!!
Kudos on passing your Series 7 exam!
Practice, drill, rehearse is good advice. Inch by inch options are cinch. Yard by yard options are hard.
Thanks for paying it forward with your advice and debrief. What's next? 63? 66?
@@Series7Guru the Series 24 is next for me!
@@kristinalandgraf7066 join our sister reddit community for 24. Www.reddit.com/r/Series24
Yesss. Literally studying this chapter today through Training Consultants
Premiere tonight.
Wow what a video, thank you Dean you are the man, wish me luck for Friday!
You got this! Sending you good test vibes!
Just passed the top off today! Your options video esp the stock with options really helped me as they showed up on my set! Thanks for doing what you do. Now I’ll be browsing your 63 videos!
Kudos on your Series 7 testing victory! Always very gratifying when my option videos contribute to test taking victories like yours
Deans the man!
Another fantastic video Dean. Another weapon for the dragon's lair.
You got this dragon slayer!
I think this is one of my top favorite videos! Testing in 6 days! 🎉 see you in class Monday!
See you then. It is my last class so hopefully I go out with a 100% pass rate!
Light bulb!!! Thank you Dean, this one helped tremendously 😊
Love when test takers have light bulb moments like yours!
Just wanted to thank you, Dean. May god continually bless you. Significant assistance that creates significant success! This opened up options in a way that makes sense. Thank you, thank you ‼️🙏🏿
Always very gratifying when my channel contributes to test taking victories like yours.
Yesss taking my 7 tomorrow morning. This would be a perfect refresher right before I take my test. Thanks Dean, you’ve really given me the confidence to pass this test!
Confidence is worth points for sure. Be confident in yourself tomorrow and more important be confident in your answers tomorrow.
This video was very helpful
Thank you, Dean! Stay amazing
Glad you found it helpful
Thank you!!! I now understand this so much more!!!
Glad you found it helpful
Dean thank you so much I watched your channel and I think it was key to my success on the exam.
Kudos! Glad you found the channel helpful.
Dean! Thanks again. Your videos are amazing.
Glad you are finding them helpful
This solidified my knowledge. Thank you so much!!
De nada
You was amazing thank you for helping me.
Always very gratifying when this channel contributes to test taking victories like yours
Great video. I like the shorter videos.
Adding more shorts all the time
Was definitely helpful! I take my 7 on next Thursday!
Sending you good test vibes! You got this!
I take my Series 7 tomorrow at 10:15AM! Been studying for 3 weeks using Kaplan (firm provided) and am feeling confident! Just need help where with straddles and spreads and I should be golden!
You got this! Sending you good test vibes!
This was the best explanation you made it sooooo easy thank you Dean 🙏🏾
De nada
THANK YOU! So helpful
Glad you found it helpful
Very clear. Thank you
De nada
Here we go! Lord help me!! ❤😂
Hey there I am near the end of my studying here for the Series 57. feeling pretty comfortable with almost everything and ready to schedule the exam. The one thing I am thinking how much to spend more time on is. Advanced options strategies, Condors, Butterflys, Etc. Do you find these these Advanced Options strategies are tested often on the Series 57 Exam. I feel pretty comfortable with Straddles and Spreads. Wondering how much to deep dive into these other more complex ones.
They are not.
@@Series7Guru Appreciate the reply!
Hi Dean ! my TC says that the break even on a spread bull call is is Long exercise add net debit … but yours shows differently .. I’m confused now 😕
The breakeven in a call spread (debit or credit) is C. A. L Call Add to the Lower. You add the net premium (debit or credit) to the lower strike. I am sure no discrepancy just being explained differently. Do one. You will at the same breakeven.
Hello Guru, quick question...For Net Debit, is the difference in the premiums always the 'Max Loss' and for Net Credits, is the difference in premiums always the 'Max Gain'?
Thank you for all the content! I take my 2nd pass at the 7 this Thursday.
Hope all is well with you!
Yes
Best video
wow! just spent several hours on kaplan they need to link this in their videos nothing on straddles at all in the videos.
Test day tomorrow Dean, any things I should 100% review before I head in there? Should I take a test? Play memory gsme? I am feeling confident but kaplan questions are messing with me hard today
No. You are done. Time to stick the landing. Watch this th-cam.com/video/7d30UYwp2sY/w-d-xo.html
Stress about what!!! Dean I am proud to say I passed my 7!! Thanks for your lectures they helped immensly!!!
@@EliGutie Kudos on passing your Series 7 exam!
I knew your dedication and discipline in executing your study plan would deliver you the passing score.
@@Series7Guru there was a question on there where the client wants to buy 10 bonds and there is a list of bonds some at discoun,t, others and premium and it asked which ones would be the ones to buy for the clients . Super weird question
Another one was where there was a long all with a lremium of 3 and short call with a premium of 4 and the question was what the cap gain/loss was but they said that they bought the long call at 5 and sold the short call at 2
Im not sure exact terminology but those questions were the ones that threw me for a loop
Hopefully you may understand what they were asking 😂
Thanks again Dean!
@@EliGutie that was a credit spread opened for a net credit of 1 and closed for a net debit of 3. Speead widened from 1 to 3. Customer lost 2 points. You would not sell the short call. You woukd buy it back.
how do you know whether bearish vs bullish?
On spreads the larger premium. Straddles are not bullish or bearish.
@@Series7Guru thank you!
GURU10 doesn't work in Kaplan's checkout.
It is now Guru15. 15% instead of 10%.
Thank you
De nada
Thanks!
De nada and thank you for the super chat . It will be used for an adult beverage in your honor.
Where I am struggling is knowing the MG and ML for straddles?
Wait I think I found the info I was looking for long straddle MG UNLIMITED ML net debit short straddle MG net credit ML unlimited
Correct but it is not net it is total premium. Total debit. Not net debit. Total credit. Not net credit.
A customer buys 1 XYZ Aug 50 put at 1 and sells 1 XYZ Aug 65 put at 10 when XYZ is at 58. If XYZ is at 52 at expiration, the customer has.? The equation didn’t work on this one
Breakeven is 56 and bullish. 52 is 4 points in the wrong direction. 4 point or $400 loss.