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In a delta- and gamma-hedged call option position, over a short discrete time interval [t, t + t]: (Show your explanations) large price movement risk

In a delta- and gamma-hedged call option position, over a short discrete time interval [t, t + t]: (Show your explanations)

  1. large price movement risk is eliminated.
  2. small price movement risk is eliminated.
  3. interest rate risk is eliminated.
  4. volatility risk is eliminated.
  5. both small and large price movement risk are eliminated.

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