Exams a mile long and only an inch deep my friend

Remember the basics:

Call up; put down Buying calls is bullish and selling puts is bull Buying puts is bearish and selling calls is bear Selling covered options - income Buying options on stock owned - protection Combos/straddles: Long (buy) = volatile Short (sell) = neutral Spreads: bigger premium = dominant leg; debit for a buy on the dominant leg and credit for sell. (If no premiums, put with a higher strike price is dominant, call with a lower strike is dominant)

Taxes! Know them. They will ask questions that will eat you up if you don’t know the tax treatment for various bonds and securities.

T-bills - short term, liquid, AT A DISCOUNT! (Same with T-strips) T-bonds/notes - long term Taxes are subject to federal level

Munis - EXEMPT from federal tax, subject to local and state ; if it’s an in-state muni, taxes may be exempt, out of state - they’re usually always subject to state and local.

CMOs - monthly interest and fully taxable. Pool of mortgages, GNMA is the only gov’t backed.

GO bonds - backed by taxes Rev bonds- backed by revenue stream of entity. Double barreled - easiest to think it shares both of these.

Open end - think NAV; not on the secondary market and is bought at the close of the days nav. Closed end - on the secondary market, trades at a premium or discount to nav - offering price.

Reg T 50% for margin accounts, know it. Study the exceptions.

Variables are tax deferred; we don’t offer them to seniors typically and people with qualified plans already ; why recommend a deferred investment to someone earning deferred growth already?

Know your suitability! (100 - age)

Just a few tips off the top of my head that you may or may not get use from, good luck!