Stocks

The Trading Pitt Jargon Game

Increases Decreases

If a company issues a buyback this _____ dilution

Beating the Street The Intelligent Investor Alchemy of Finance Reminiscences of a Stock Operator

Benjamin Graham the famous value investor wrote what book?

Singapore France Russia Germany Italy Australia

The DAX Index is based on companies that trade primarily in what country?

More Less

Because naked shorting is now illegal short squeezes are ___ likely to occur?

Fixed Income

The Trading Pitt Jargon Game

Negative Carry Positive Carry Short Credit Long Credit 1&3 2&4

If you are short a bond you assume a ____ position

Germans are less creditworthy and Europe sucks English are more creditworthy and slightly better

German Bunds just started yielding more than UK Gilts this implies -

True False

New US Treasuries (bills, notes, bonds) are callable -

Short Back End bonds, Long Front end bills Short Bonds across the curve Short Front Bills, Long Back Bonds

A steepener yield curve trade is

FX

The Trading Pitt Jargon Game

Net Dollar Funding New Deal Financing Non Deliverable Forwards No Designation Futures

NDF in FX stands for -

US Dollars Euros Swiss Francs UK Pounds

The recent intervention (this morning) was to lower the cost of funding for -

Exchange Volatility Settlement

Currency trading is different than Futures and Equities because of what risk?

World Bank IMF Local Central Banks European Central Bank United Nations

Special Drawing Rights are issued by ____ -

Futures/Commodities

The Trading Pitt Jargon Game

CME NYSE NASDAQ ISE EUREX

NYMEX is owned by -

Double Trouble Double Magic Double Witching Double Hours

When Options and Futures expire on the same day it is called

Seller Buyer

In a futures contract the right to deliver belongs with the:

Sell ATM Call, Sell OTM Call Buy ATM Put, Sell ATM Call Sell ATM Put, Buy ATM Call

To create synthetic short futures you should:

Derivatives/Options

The Trading Pitt Jargon Game

Asian Binary Quanto Legs

An option that settles at 0 or 100 is called -

More Less

If you are long and short a call at different strike prices you are often required to have ____ margin posted

True False CMBS are not a real financial product

CMBS are a market that is finally starting to return after the financial crisis?

A technique using only options to mitigate risk A technique using options and stocks, futures, FX to mitigate risk A technique using only stocks, futures, and FX to mitigate risk

Delta Hedging is

Technical Questions

The Trading Pitt Jargon Game

Gartley Flag Cup and Handle Swing

What is the name of this pattern?

US Treasury IRS Budget Office Federal Reserve

Reverse Repos (Repurchase Agreements) are often used by

Is not a real type of arbitrage Is just another word for Statistical Arbitrage Involves Vertical Spreads Involves Put Options

Dividend Arbitrage:

A function of supply and demand A constant value Is almost always lower than realized volatility

Implied Volatility is:

Repos Lines of Credit Swaps Discount Window

The Federal Reserve will often open ____ with other Central Banks in times of need