1. Assuming that we sold a call on a notional of $10,000 usd with a delta of 0.50, what strategy should we follow to neutralize delta?  A) Sell 50% of the notional in the cash market (cash) B) Buy $10,000 usd in the cash market (cash) C) Buy $5,000 usd in the cash market (cash) 2. How is the delta of a long put? A) Positive B) Negative C) Positive when the spot is below its strike price and negative when the spot is above its strike price.