Hi I am currently studying for Series 56. I am to take the test on July 1st. I have been studying off WTS's study material and the instructor said in the lecture that you do not have to know how to calculate Breakeven, Maximum Loss and Gain for Spreads, Straddles and Strangles. He said for the test all you need to know is how to calculate Hedging and Income strategy. Wondering if anyone knows if this is still true given that the material was made about 1 and a half year a go? Please let me know. Thanks a lot!