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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

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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 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 #2 and #4 only Account #1 and #4 only Account #2 and #3 only Account #3 and #4 only

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