Which is correct?

Group of answer choices

Option contracts provide a more cost effective hedge to futures when they are at the money.

Futures contracts should only be exercised when they are in the money.

Put options provide a more cost effective hedge to futures contracts when market indices are falling rapidly.

Deep in the money options are the best way the most cost effective way to lock in portfolio value when the markets are plummeting.

Two or more of these answers.

None of these answers.