Match each option position to its description.

1. Long Call

2. Short Call

3. Long Put

4. Short Put

A. Pays the premium and has the right, but not the obligation, to sell the underlying asset at a set price

B. Receives the premium and has the potential obligation to purchase the underlying asset at a set price.

C. Receives the premium and has the potential obligation to sell the underlying asset at the set price

D. Pays the premium and has the right, but not the obligation, to buy the underlying asset at a set price