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If an option is exercised, the short position... has a positive payoff, as the option was exercised. has a negative payoff, and must forfeit the

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If an option is exercised, the short position... has a positive payoff, as the option was exercised. has a negative payoff, and must forfeit the option premium. has a negative payoff, but still keeps the option premium. has a positive payoff, and must forfeit the option premium

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