Which of the following statements is wrong about options? Group of answer choices Call options with higher strike prices tend to be cheaper, while put options with higher strike prices tend to be more expensive. A call option gives its investor the right, not the obligation, to buy an asset at a certain price (namely, the strike price). The future realizations of the S&P 500 index determine the payoffs to an S&P 500 index option contract. Buying a call option on the S&P 500 index can provide insurance to stock holders during market downturns