1) If you believe that a particular stock is highly volatile, which of the following portfolios would you find most appealing? a. a call bought and a put written b. a call written and a put bought

c. a call written and a put written

d. stock short and a put written

e. a call bought and a put bought

2) As time passes, the price of a put tends to a. fall

b. rise

c. stay the same

d. rise if the price of the stock rises