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The following are four customer accounts. Acct #1: Long 70,000 March XYZ calls & long 6,000 March XYZ puts Acct #2: Long 70,000 March XYZ

The following are four customer accounts.

Acct #1: Long 70,000 March XYZ calls & long 6,000 March XYZ puts

Acct #2: Long 70,000 March XYZ calls & long 6,000 July XYZ calls

Acct #3: Long 70,000 March XYZ calls & short 6,000 March XYZ calls

Acct #4: Long 70,000 March XYZ calls & long 6,000 March XYZ puts

Which accounts are in violation of the exchange's position limit which is equal to 75,000 contracts for XYZ?

Account #1 and #4 only

Account #2 and #4 only

Account #3 and #4 only

Account #2 and #3 only

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