Chapter 02 · Section 2.1

Positions

Suppose that Lara, an investor, has a long position in 10 December 350 CMX gold futures calls.

Please select the true statements:

• a) Lara has limited loss and unlimited profit potential.
  No. You are right about (a). Which other statement is also true? Please enter 3a and your other selection.
  b) Lara has unlimited loss and limited profit potential.
  c) Lara has the right to buy at 350 but no obligations.
  d) Lara has the obligation to buy at 350 if she is assigned
  e) a and c
  f) b and c

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