Expected Value Questions for Options Trading Interviews
A options trading round does not test expected value the way a textbook does. This set is the overlap - the expected value questions that actually turn up in this format.
35 questions, 31 of them free to practise right now. The split is 15 easy, 17 medium, 3 hard.
- Capped exponential payoutEasyRandom VariablesExpected ValueView →
- Expected sets for a favored playerEasyProbabilityExpected ValueView →
- Fair price of a high-faces-only dice sumEasyExpected ValueMarket Making & Betting GamesView →
- Fair price of a higher-die contractEasyExpected ValueMarket Making & Betting GamesView →
- First success on an even trialEasyRandom VariablesExpected ValueView →
- Heads given at least one headEasyExpected ValueView →
- How many sixes on the die?EasyExpected ValueBrainteasersView →
- Keep the d8 or gamble on the d12?EasyProbabilityExpected ValueView →
- Matching chips, two drawsEasyCombinatoricsExpected ValueView →
- One re-roll allowedEasyExpected ValueView →
- Retries under a hard capEasyExpected ValueStochastic ProcessesView →
- Rolling a die to size the next dieEasyConditional Probability & ExpectationExpected ValueView →
- Rolling until you match the first rollEasyProbabilityExpected ValueView →
- Rolls until an even sumEasyProbabilityExpected ValueView →
- Which side of a two-sided marketEasyExpected ValueMarket Making & Betting GamesView →
- Cash out or bustMediumProbabilityExpected ValueView →
- Distinct faces in three rollsMediumExpected ValueView →
- Expected fives before the first sixMediumProbabilityExpected ValueView →
- Expected gap on 30-sided diceMediumProbabilityExpected ValueView →
- Expected median of three diceMediumProbabilityExpected ValueView →
- Heads given the ends differMediumConditional Probability & ExpectationExpected ValueView →
- Locking a profit by hedging after the odds moveMediumExpected ValueMarket Making & Betting GamesView →
- Pay to play with a capMediumExpected ValueMarket Making & Betting GamesView →
- Pricing the higher of two diceMediumExpected ValueMarket Making & Betting GamesView →
- Rolling a 5-sided die to reach fiveMediumProbabilityExpected ValueView →
- Rolling until two rolls differ by twoMediumProbabilityExpected ValueView →
- Rolls to a six before a fiveMediumProbabilityExpected ValueView →
- Sharpe ratio in a marble gameMediumExpected ValueStatisticsView →
- Distinct toys from seven boxesHardProbabilityExpected ValueView →
- Rolling until two rolls are closeHardProbabilityExpected ValueView →
- Rounds to see all faces with two diceHardProbabilityExpected ValueView →
- Break-even half-spread under adverse selectionMediumExpected ValueMarket Making & Betting Games Premium
- Empty boxesMediumExpected Value Premium
- Expected absolute difference of two diceMediumExpected Value Premium
- Minimum defense frequency against a betMediumProbabilityExpected Value Premium
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This set is a slice of two larger ones. If it is too narrow, start here instead:
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