Question 8: In regards to hedging with options, which of the following is/are true? 1. The gamma is always positive independent of whether it is a call or a put. 2. The range of a delta is from 0 to 1 independent of whether it is a call or a put. 3. To hedge a long position in a call share, one would buy delta number of shares. A. Only 1 B. Only 2 C. 1 and 3 D. 2 and 3 E. All of them