11. You sold (wrote) a May American put option on Netscape stock with an exercise price of 165. Which of the following statements is true? A) You have the right to buy Netscape shares for $165 at any time prior to the option expiration in May. B) This was a poor investment. C) You have the right to sell Netscape shares for $165 at any time prior to the option expiration in May. D) You are obligated to sell Netscape shares for $165 if the owner of the option chooses to exercise prior to expiry. E) You are obligated to buy Netscape shares for $165 if the owner of the option chooses to exercise prior to expiry