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You are the financial analyst fir the firm named Sixties Wine that distributes California wine in Italy.Your firm routinely hedges its exposure to the EUR

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You are the financial analyst fir the firm named Sixties Wine that distributes California wine in Italy.Your firm routinely hedges its exposure to the EUR In the past, the firm has used long position in EUR put options to accomplish its hedging objectives. Due to a change in market liquidity conditions, the firm finds that it is no longer possible to use EUR put options. One your colleague recommends that the firm use short posiions in call options on the EUR and makes the claim that "short positions in call options on the EUR are identical to long positions on put options" Critically examine this statement

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