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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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