Which of the following statements is false? Arbitrage is entering into a derivatives contract to reduce the risk of a position. Derivatives can be used as leveraged instruments where participants put up a small amount of money and obtain the gain or loss on a much larger position. Spot contract is an agreement made between a buyer and a seller to deliver the asset immediately and the buyer to pay for the asset immediately. O Writing a put option results in a potentially limited gain and a potentially unlimited loss