1.for an option that is out-of-the-money, the option price is equal to it's time value true or false

2. for a european put option, the longer the time to expiration (holding all other factors constant), the value of the option will always be greater true or false

3. all factors held constant, for a put option the higher the strike price the greater the value of the option true or false

4. spread straegies involve positions in both puts and calls on the same stock true or false