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When the spot price (S) approaches the strike price (K), discuss what happens to: (i) the delta of a short position in a put option;
When the spot price (S) approaches the strike price (K), discuss what happens to:
(i) the delta of a short position in a put option;
(ii) the gamma of a short position in a call option;
(iii) the vega of a long position in a put option;
(iv) the theta of a short position in a put option.
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