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Briefly describe how to trade options (i.e., how to buy or sell calls or puts) in order to obtain the following positions or sensitivities to
Briefly describe how to trade options (i.e., how to buy or sell calls or puts) in order to obtain the following positions or sensitivities to the underlying source of uncertainty (i.e., to S):
A. Positive delta and negative gamma;
B. Negative delta, positive gamma, and positive vega;
C. Positive gamma and negative theta.
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