Market Mechanics Quiz
Beyond single trades, the market has a structure of its own. These six questions check that you know the mechanics that move option prices and schedules.
Pick an answer for each question — your score appears at the end.
Question 1The VIX index is commonly known as the market's…
The VIX measures 30-day expected volatility of the S&P 500 and is nicknamed the 'fear gauge'.
Question 2The 'max pain' price is the strike where…
Max pain is the price at which the most option holders lose value, i.e. the largest amount expires worthless.
Question 3'Quadruple witching' refers to the simultaneous expiration of…
Quadruple witching is when four types of derivatives expire together on the same day, four times a year.
Question 4In options slang, 'OPEX' usually refers to…
OPEX is trader shorthand for the standard monthly options expiration, the third Friday of the month.
Question 5The Pattern Day Trader (PDT) rule applies to margin accounts under…
The PDT rule restricts accounts below $25,000 to fewer than four day trades in five business days.
Question 6A rising VIX generally coincides with…
The VIX typically spikes when stocks sell off and demand for protective options jumps.
The VIX (Volatility Index)Max Pain (Maximum Pain)Triple & Quad Witching
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