A hedge ratio of $\mathrm{.}70$ implies that a perfect hedge should consist of $\_\_\_\_\_\_\_\_.$

Question $8$ options:

short $\mathrm{.}70$ shares for each long call

long $\mathrm{.}30$ shares for each short call

long $\mathrm{.}30$ shares for each long call

long $\mathrm{.}70$ shares for each long call

long $\mathrm{.}30$ shares for each short put