16. Which of the following is not correct about a calls gamma?

1. it is the same as a puts gamma
2. it is large when the call is at-the-money
3. it can be viewed as a measure of the risk of the delta
4. it is a source of risk that can be easily hedged
5. none of the above

16. 24- Which of the following statements regarding the VIX Index is not true?

1. It is a popular measure of the implied volatility of S&P 500 index
2. The VIX is calculated by the Chicago Board Options Exchange (CBOE).
3. Often referred to as the fear index or the fear gauge.
4. It is calculated using historical volatility of the S&P 500 Index
5. The VIX represents one measure of the market's expectation of stock market volatility over the next 30-day period