1. The price of a future contract on a stock is not dependant on the:

A) interest rates

B) stock volatility

C) time to expiry

D) current stock price

2. You sold a put option with an exercise price fo $100 for $5. At expiry what is your profit/loss if the underlying trades at $83?

A) 12$ profit

B) 5$ profit

C) 12$ loss

D) 5$ loss

3. What do we need to do to delta hedge a long a position in a put option?

A) Sell stock

B) Buy stock

C) Sell call options at the same ...

D) Buy call options at the same ...

Answer all questions correctly for good review.