Series 3

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DEFINITION of 'Series 3'

A securities license entitling the holder to sell commodities or futures contracts.

INVESTOPEDIA EXPLAINS 'Series 3'

The Series 3 exam is administered by the Financial Industry Regulatory Athority (FINRA) and covers topics such as options, futures, hedging, margin requirements, and regulations.

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    Equity options, or stock options, could serve as protection and help to mitigate risk for a long stock portfolio. Stock options ... Read Full Answer >>
  3. What types of options positions create unlimited liability?

    Selling naked calls creates unlimited liability. Therefore, these types of option strategies are considered appropriate for ... Read Full Answer >>
  4. How does the term 'in the money' describe the moneyness of an option?

    In options trading, the term "moneyness" refers to the relationship between an option contract's strike price and the current ... Read Full Answer >>
  5. What is the difference between in the money and out of the money?

    In options trading, the difference between "in the money" and "out of the money" is a matter of the strike price's position ... Read Full Answer >>
  6. If a long call is owned on the record date of a stock, is the owner of the option ...

    The owner of a long call for a stock is entitled to a dividend only if the option is exercised prior to the ex-dividend date, ... Read Full Answer >>
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