6.A specific kind of speculative trader in derivatives markets, generally thought to be extremely, unlikely to maintain futures/options positions exposing them to "overnight risk" are called:

a. scalpers

b. arbitraguers

c. day traders

d. "outright" traders

e. spread trader

7. If basis is sufficiently large (negative) in a "normal" futures, markets-and available interest rates also are reasonably high-profit may be available via a "forward" C&C arbitrage. True/False

8. Simultaneous purchase of a "nearest" AND sale of a "more distant" contract (both have same underlying securities/ commodities) is generally known in derivatives markets as:

a.selling an inter-commodity spread

b.buying a tiime spread

c.anticipatory hedgeing

d.selling the TED spread

e. selling a time spread