3.3The delta of a put option is higher in absolute terms when the put is out of the money. (True / False)

3.5 Delta of a call option

a.Is the percentage increase in option value per 1% increase in stock value

b.Increases when strike price of the option increases, all else equal

c.Is positive

d.Is the number of shares of the underlying stock that you must buy to hedge a short position in one call option.

e.c and d

3.6 If the stock price increases by $1, all else equal, the value of a put option should increase by less than $1. (True / False)