Question 2: In regards to option profit and loss, which of the following are true? 1. A long position on a call option will loose money if the stock price goes up 2. A long put option on a stock will loose money if the stock price goes up 3. A long strangle position will gain money if stock goes up, but loose money if the stock goes down A. Only 1 B. Only 2 C. 1 and 2 D. 1 and 3 E. None of the above