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Which of the following statements about the option price sensitivity is TRUE? I. The option's rate of time value decay is represented by its vega.
Which of the following statements about the option price sensitivity is TRUE?
I. The option's rate of time value decay is represented by its vega.
II. An option's gamma represents the risk of the delta changing.
III. The option's delta is approximately the change in the option price for a change in the stock price.
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