Put options increase in value as stock prices fall, and call options increase in value as stock

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Put options increase in value as stock prices fall, and call options increase in value as stock prices rise. How can the same movement in an underlying variable (e. g., an increase either in time before expiration or in volatility) cause both put and call prices to raise at the same time?
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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