1) The binomial option pricing model relies on randomly chosen underlying prices to determine the value of an option. (True False) 2) A synthetic long stock position involves selling a bond. (True False) 3) As the underlying spot price increases, the value of a call option also increases. (True False) 4) As the underlying volatility increases, the value of a put option decreases. (True False) 5) A covered call involves buying a call and selling the underlying stock. (True False) 6) The VIX is a weighted average of the prices of S&P500 options contracts. (True False)