Select the letter for which the statement indicates either (1) a purpose of, (2) a reason for, or (3) a risk of this:

Speculation on a price increase in the underlying security.

options:

	call buying
	put buying
	uncovered call writer
	covered call writer

Select the letter for which the statement indicates either (1) a purpose of, (2) a reason for, or (3) a risk of this:

Risks loss of the entire premium if the price of the underlying security falls.

options:

	call buying
	put buying
	uncovered call writer
	covered call writer