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Crossword
Thinking About Options
Test your
knowledge!
By Bruce Greig
ACROSS
1. High-default-risk
instrument (2 words)
5. “Soft” commodity
10. Dependent
11. Finished (2 words)
12. Arkansas’ ___
Mountains
13. Option strategies
that benefit from
significant price
movements in
either direction
14. Co-founder of
Long-Term Capital
Management and
options pioneer
(2 words)
19. Options pricing
model (2 words)
24. What “theta”
measures (2 words)
26. Insured’s
contribution
27. Palmer and
Schwarzenegger
28. Alternative to
“active” investing
29. Magnetic
induction units
30. Real estate
transactions
1 2 3 4 5 6 7 8
10 11
12 13
17 18
DOWN
14 15 16
19 20 21
24 25 26
27 28
29 30
1. Lingo
2. Type of mutual fund
(hyphenated)
3. iShares parent company
4. After expenses
6. Like many movies
nowadays (2 words)
7. Investment industry giant
8. Shedding light on
9. ___ Stock Exchange
(Lebanon)
13. Atlanta-to-Miami dir.
15. “Go team!”
9
22 23
16. What one does to a
22-Down to redeem
17. Brief summary of a
research article
18. Bondholders’
expectations
20. It replaced the album
sleeve (2 words)
21. International oil
company, informally
22. Financial derivative
23. Some rental trucks
25. Also known as the
“hedge ratio”
28. Pay___
Solution
Across: 1. Junk bond; 5. Coffee; 10. Reliant; 11. Ended up; 12. Ozark; 13. Straddles; 14. Robert Merton;
19. Black-Scholes; 24. Time decay; 26. Copay; 27. Arnolds; 28. Passive; 29. Teslas; 30. Closings
Down: 1. Jargon; 2. No-load; 3. BlackRock; 4. Net; 6. On DVD; 7. Fidelity; 8. Exposing; 9. Beirut; 13. SSE;
15. Rah; 16. Exercises; 17. Abstract; 18. Payments; 20. CD case; 21. OXY; 22. Option; 23. Ryders; 25. Delta; 28. Pal
66
November / December 2012