$1.$ What are the two types of options?

$2.$ Why do investors purchase or sell options?

$3.$ What is the difference between an American option and a European option?

$4.$ What does the term $$at$-$the$-$money$$ mean?

$5.$ What does the term $$in$-$the$-$money$$ mean?

$6.$ What is the intrinsic value?

$7.$ What is an offsetting order?

$8.$ What does the term $$out$-$of$-$the$-$money$$ mean?

$9.$ Why are options considered a $$zero$-$sum game?$$

$10.$ Why would an investor buy a call on a stock he did not own?

$11.$ Why would an investor sell a call on a security they own?

$12.$ Why would an investor buy a put?

$13.$ Why would an investor sell a put on a stock they own?

$14.$ What is the difference between a market order and a limit order?

$15.$ When was the OCC created, what does it do$,$ and how does it do it$?$

$16.$ What are the four most prevalent types of options?

$17.$ What are three examples of types of securities with embedded options?

$18.$ What does the put$-$call parity model do$?$

$19.$ What does the binomial option pricing model do and how?

$20.$ What are the variables used in the Black$-$Scholes Model?