10 The maker of a stock option a. has the right to exercise the option b. has a claim on the profits of the firm Issuing the underlying securities c. has the obligation to buy or sell a predetermined amount of shares at the strike price if exercised d has the right to buy or sell a certain number of underlying shares e none of the above 11 A portfolio Insurance strategy a. is a covered call b. Is a protectivo put c. is a straddle d Is a Peter Navarro option e none of the above