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What is not an advantage of using futures to hedge stock options? Futures can be chosen with a maturity matching option maturity There is no

What is not an advantage of using futures to hedge stock options?

  1. Futures can be chosen with a maturity matching option maturity
  2. There is no initial cost to enter into a futures position
  3. Futures does not usually lead to a delivery
  4. None of the above

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