Series 9 practice exam
The Series 9 exam and Series 10 exams are known together as the General Securities Sales Supervisor Qualification Exams. When you pass these exams and gain your General Securities Sales Supervisor registration, you will be managing the activities of other registered representatives - typically Series 7 licensees. Therefore, these exams cover the functions of a general securities sales supervisor that are most important for maintaining lawful conduct among you and your subordinates, including: the customer account creation, approval, and handling; sales and sales supervisory personnel training; trading and options activities; and the proper maintenance of records.
The Series 9 is all about options, and covers options strategies themselves, how to supervise the implementation of these strategies, suitability for different types of options trades for customer accounts, options rules and regulations, and training and personnel management related to options trading.
Solve each of the Series 9 practice test questions below to get a feel for what to expect on the actual Series 9 exam. Achievable's free Series 9 practice questions are scored instantly, providing the correct answer along with an easy to understand explanation. Get started on the path to passing the Series 9 exam by solving 10 Series 9 exam sample questions.
The risk and return profile for a short stock position hedged with a held call is:
An investor establishes the following positions in a brokerage account:
- Short 1 DEF Jan 35 call at $13
- Long 2 DEF Jan 45 calls at $5
- Short 1 DEF Jan 55 call at $1
Assuming these positions were established when DEF's market price was at $43, what best describes the investor's market sentiment?
The creation and management of customer options accounts by your sales subordinates. Topics include types of customers and customer accounts; reviewing customer options trading activities to determine if they meet applicable standards; margin account handling; CBOE, FINRA, and NYSE rules related to options accounts and their requirements; and other rules and regulations.
Supervising options trading activities and handling any issues. Topics include reviewing and handling customer complaints; overseeing the correction of options trading errors; reviewing daily trading activity for completeness and accuracy; and managing general options trading operations.
Supervising communications to customers and the public related to options trading. Topics include options retail communication (such as social media or public appearances); reviewing options correspondence from your subordinates to customers; and reviewing institutional options communications.
Personnel management related to your team and options, including training. Topics include knowing the terms, definitions, rules, regulations, economics, and taxation of sophisticated options products and strategies, and training your team on them.