Chapter 02 · Section 2.1

Long DM Options

Victor is long 3 PHLX DM Options

a) This means that Victor is:
b) A seller of DM options;
• c) A holder of DM options;
  Yes. Being short an option is equivalent to being the writer of an option. Being long an option is equivalent to being the holder of an option. Continue
  d) A buyer of DM options

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