Chapter 02 · Section 2.1
Long DM Options
Victor is long 3 PHLX DM Options
b) A seller of DM options;
No. He just bought 3 options. Moreover, the word "seller" should better not be used to decribe an option position, it is more of an action.
c) A holder of DM options;
d) A buyer of DM options
a) This means that Victor is:
(Click here for help)