45. In order to acquire negative deltas, a trader should do which of the following?

A. Buy stock

B. Sell calls

C. Sell puts

D. Buy calls

46. An option with a 0.10 delta is

A. ITM

B. ATM

C. OTM

D. More information is needed

E. Short

47. An option with a -0.95 delta is

A. ITM

B. ATM

C. OTM

D. More information is needed

E. Short

48. In order to acquire positive deltas, a trader should do which of the following?

A. Buy puts

B. Sell calls

C. Sell stock

D. Buy calls

49. A trader who is long a straddle wants implied volatility to

A. Rise dramatically

B. Rise slightly

C. Fall

D. Remain constant

E. More information is needed

50. Implied volatility is a measure of

A. Future volatility

B. Historical volatility

C. Standard Deviation

D. Past volatility

E. Expected return