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Which of the following is True? a) Any long position on any option has a value that increases in the volatility of the underlying. b)
Which of the following is True?
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a) Any long position on any option has a value that increases in the volatility of the underlying.
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b) A long position in a call and a short position on a put have both a value that increases in the value of the underlying.
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c) A short position in a put option has a value that increases in the volatility of the underlying.
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d) Both a) and b).
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