1.Which one of the following statements is correct?

1.Reduced Value index options are equal in size to one percent of the standard index option.

2.The holder of a stock index put option is betting that the underlying index will increase in value. 3.Most index options are traded on the New York Options Exchange. The contract size for a call option on the S&P 500 is 10 times the index. 4. Some stock index options close in the morning while others close at the end of the trading day.

2.Which of the following issue exchange-listed option contracts?

I. CBOE

II. SEC

III. OCC

IV. NASDAQ

3.The maximum option payoff from: writing a put is $0. buying a put is $0. writing a call is an unlimited profit. buying a call is the strike price. writing a call is the stock price.