The following questions relate to the differences between options and warrants

(a) Explain the process of "marking-to-market"

(b) Will the buyer of an ASX-traded put (or call) option be "marked-to-market"? Explain your reasoning. Will the writer of that same put (or call) option be "marked-to-market"?

(c) Will the writer of a (put or call) warrant be "marked-to-market"? Why is there a difference in the "marking-to-market" of options versus warrants?

Explain how options are different from futures. As part of your explanation compare the payoff graph for an option with the payoff graph for a futures contract.