Thanks, finally you've decided to look at the question! And you're right, I didn't use the 100 spot, so I'm the one who wouldn't pass such interview question. I could still argue about the dates, but at this point I'd have to agree the answer is long delta and long vega. At least the OP may now get the right answer. Wouldn't happen without people actually looking at or discussing the question. (CZR would be a good stock to test this with)
I submitted the test and passed it! I enjoyed the test, it helped me gain knowledge and purpose of having PM account (hedging). I only had problem with time constraint of the test, Had I knew I were be able to save the test to stop the time, I would have passed it in first attempt. In first attempt, I got panic like a trader in short squeeze. lol You guys are great, I truly appreciate all that help. cheers!
I am in the same boat. This is my third and final try and I have to get 80% right or I’ll have to wait for 6 months. I’ve attached my answers. What do you guys think? Any help would be greatly appreciated!