QUESTION $9$ Circle or highlight the correct answer.

You are currently holding a portfolio of short $1,000$ put options and long $1,000$ call options. The options are European and have the same exercise price and the same expiration day. Each option is on one share of the S&P $500$ index. All else being equal, what would you like to happen to the index volatility?

A$)$ Decrease.

B$)$ Increase.

C$)$ Stay constant.

D$)$ You are indifferent.