An European option can be exercised:

Select one:

i. on the third thursday of each month

ii. only on the date of expiry

iii. in the same manner as an American option

iv. at any time prior to expiry

The seller of a put option is not necessarily the seller of the underlying asset.

Select one:

True

False

The KLSE CI is at 1250. The value of your portfolio is $2.5million. If you wish to hedge against a market downturn as completely as possible, do you buy or sell futures contract?