QUESTION 3 Fatima owns both a March $20 put and a March $20 call on Alpha stock. Which one of the following statements correctly relates to Fatima's position? Ignore taxes and transaction costs O 1. None of these 2. The time premium on an April 520 put is less than the time premium on Fatima's put. (Assume both puts expire in the same calendar year) 3. If the intrinsic value of Fatinta's put increases by $1 then the intrinsic value of his call must either decrease by $1 or equal zero 4. A March $30 call is worth more than Fatima's $20 call