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If you re in any of the design windows, click on the Datasheet View command in the ribbon s View group to view your data in a datasheet.

7 Long call options have ______________ deltas Answer: A Positive Discussion: A long call would have a delta between 0 and 100 A long call can t have a delta higher than 100 because the most a call option can move is point-for-point with the underlying security The deeper ITM the call option gets, the closer to 100 the delta will become The farther OTM the option gets, the closer to zero the delta gets 8 Short put options have ______________ deltas Answer: A Positive Discussion: With a short put, a trader pro ts as the stock moves higher, and this means the delta is positive (A long put would have a negative delta because the option makes money as the underlying declines.

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) Though in general Optionetics doesn t advocate trading short puts, or any naked options, there are times when using these types of options is advisable to create delta neutral trades 9 As a rule of thumb, the deeper ______________ your option is, the higher the delta Answer: A In-the-money Discussion: As an option moves deeper in-the-money, it starts to mirror the movement of the underlying A very deep ITM option will have very little time value and will start to trade nearly point-for-point with the underlying security The opposite also holds true: An option that is far OTM will see little movement for each point move in the underlying security 10 ______________ options have a delta of plus or minus 50 Answer: C At-the-money Discussion: In most cases, ATM options have a delta that is very close to 50.

6. Follow any other instructions provided by your ISP to fill in information on other tabs. 7. When you ve finished entering all of your account information, click OK in the Properties dialog box. 8. Click the Close button in the Internet Accounts dialog box. Click the Send/Receive button in the Windows Mail toolbar to test the new settings.

Another way of looking at this is to say that an ATM option has a 50/50 proposition of nishing in-the-money A straddle is a common delta neutral strategy that uses an ATM put and an ATM call, which produces an overall delta near zero 11 When an option is very deep ______________, it will start acting very much like the underlying stock Answer: A In-the-money Discussion: An options contract will start to move point for point with the underlying once it is very deep in-the-money Some traders.

Another approach is to use interest-rate futures combined with market-neutral programs programs that have little or no correlation with other investments in our portfolio. This approach is called Portable Alpha and will be covered in 5.

A predicate modifies how the SELECT command works. It works in conjunction with the WHERE clause (actually, in SQL terminology, the WHERE condition) of a SQL statement.

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The following example uses the Is operator:

hetacillin-like acetonide has been added to the C-6 amide side chain. Its synthesis begins with the potassium salt of

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