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Long a call gives ___ exposure to the underlayer Short a call gives ___ exposure to the underlayer Long a put gives ___ exposure to

Long a call gives ___ exposure to the underlayer

Short a call gives ___ exposure to the underlayer

Long a put gives ___ exposure to the underlayer

Short a put gives ___ exposure to the underlayer

Question 1 options:

A)

Long, Long, Short, Short

B)

Short, Long, Short, Long

C)

Long, Short, Short, Long

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