Questionnaire 8 of 10 · 10 questions
Records and reconciliation
Roll chains, cost basis, statements and choosing a journal.
Choose one answer per question. Explanations appear as you answer; your score appears after all ten.
- 01
A put assigns at $95 after you collected $2.50 in premium. What is your cost basis in the shares?
- 02
You roll a put three times and it finally expires worthless. How should the record show it?
- 03
Why can't your broker report what a wheel cycle returned?
- 04
What is the cheapest change that extends a spreadsheet's useful life for premium selling?
- 05
What actually causes a spreadsheet to break down, if not trade count?
- 06
Premium collected and premium kept differ. Why does the distinction matter?
- 07
Why reconcile against broker statements monthly rather than annually?
- 08
You want to buy a stock 5% lower. The stock dips there intraday then recovers. Which approach got you the shares?
- 09
What is the most discriminating test when evaluating an options journal?
- 10
Why might a credit spread be preferable to a cash-secured put in a smaller account?