Series 7 Exam Prep 49, Options Hedging and Income Strategies

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A covered call is used to generate income on a long stock position, but it caps the potential upside gain. - A protective put acts like insurance for a long stock position, providing downside protection while allowing for unlimited potential gain. - A collar combines a protective put with a covered call to provide downside protection at a reduced cost, but it also limits upside potential. - A cash-secured put is a strategy used to acquire stock at a price below its current market value by selling a put option and setting aside the cash to purchase the shares. - How to calculate breakeven, maximum gain, and maximum loss for each of these core Series 7 options strategies. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep