Which of the following statement regarding the short position in a call option is CORRECT?

a.

The short position holds the right to sell the underlying asset of the opton.

b.

The short position has to pay the premium of the option.

c.

The short position has a responsibility to buy the underlying asset if the counterparty decides to exercise the option.

d.

The short position faces no risk if the option is out-of-the money prior to its expiration.