Free NASAA Series 66 (Uniform Combined State Law Examination) Diagnostic Quiz
Take this free 12-question Series 66 sample quiz to benchmark your readiness. You get an instant readiness score and a weak-topic breakdown, like a mini practice test, every question with a full solution. No signup to start, no credit card.
All of the following statements about listed options are accurate EXCEPT:
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Correct Answer: B
Solution
B is correct. The writer (seller) of an option does not hold the right to exercise; the writer takes on the obligation to perform if the holder exercises. The right to exercise belongs to the buyer. The other statements are accurate: a put holder may sell the underlying at the strike, listed options are standardized exchange-traded contracts, and a covered call writer owns the shares that back the short call.
Yes. The Series 66 diagnostic is a free 12-question sample quiz with instant scoring. You can take it with no signup and no credit card. Creating a free account saves your result and unlocks a personalized weak-topic study plan.
How long is the Series 66 diagnostic quiz?
The diagnostic is 12 questions and takes about 5 to 10 minutes. You get instant feedback on each question, then a readiness score with a topic-by-topic breakdown at the end.
Does the Series 66 diagnostic predict whether I will pass?
It gives you a starting readiness estimate and shows your weakest topics. It is a benchmark to focus your studying, not a pass guarantee. The readiness score sharpens as you practice more of the free Series 66 question bank.
What is the difference between the diagnostic quiz and a full practice test?
The diagnostic is a short 12-question sample quiz that maps your strengths and weaknesses quickly. For full-length practice, FreeFellow has the entire Series 66 question bank free, plus timed mock exams in the Fellow tier.
About FreeFellow
FreeFellow is a free exam prep library for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates. The entire question bank, written solutions, and lessons are free for every candidate, with no trial period and no credit card. Every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback; Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.