i want the detailed explanation

M3-64 Module 3: Risk-neutral Valuation in Continuous-time Lesson 3 : Greeks Letters and Elasticity Properties of Elasticity of Calls and Puts For a call, 2 1. This means that a call is a levered investment in the underlying stock and is always riskier than the stock. - For a put, 50. This occurs because AS 0. For both call and put the magnitude of increases with the time to expiration. For both call and put the magnitude of increases when the option becomes in-the-money. Explain why