Answer the following questions, based on your understanding of options, option price, and exercise value. True or False: Your friend thinks that the stock price of KnowItAII Corp. will decline. He decides to write and sell an option without buying the stock. He says that he will buy the stock when his option buyer exercises the option. This Is an example of a naked option. True or False: When you buy a put option, you are obliged to sell the underlying asset at the strike price by the expiration date. True or False: Options can be created and traded without an underlying asset