When an investor takes a short position in a European call option, he expects the option will expire............ and when he take a long position if he expects the option will expre A. in-the-money, out-of-the-money OB. in-the-money, in-the-money oc. out-of-the-money, in-the-money O d.out-of-the-money, out-of-the-money