1. Jaelin hates AAPL. Jaelin can make money on this idea by

a. buying calls.

b. selling calls.

c. buying puts.

d. selling puts.

e. all of the above.

f. more than one, but not all, of the above.

2. Taylor feels the same way about AAPL as do Nicolette and NIck, i.e., she likes it. But she is a little short of cash; hence, she cant afford to buy an at the money option. One thing Taylor could do to act on her notions regarding AAPL is to

a. put on a vertical call.

b. put on a vertical put.

c. neither of the above.

d. both of the above.

3. Jose feels the same way about AAPL as do Austin and Jaelin, i.e., he hates it. Being short of cash and hence unable to afford to buy an at the money option, what can Jose do?

a. put on a vertical call.

b. put on a vertical put.

c. neither of the above.

d. both of the above.