1. Which of the following is NOT true?

a. The writer of a call will want stock prices to decrease

b. The buyer of a put will want stock prices to decrease

c. The writer of a put will want stock prices to decrease

d. The buyer of a call will want stock prices to increase

2. Which of the following is NOT true?

a. The buyer of a put will be willing to pay more for a (similar) put with a larger exercise price than for a put with a smaller exercise price.

b. The buyer of a call will be willing to pay more for a (similar) call with a larger exercise price than for a call with a smaller exercise price.

c The longer the time to expiration, the greater the value of a put to the buyer of the put.

d. You would sell a call if you expect prices to decrease.