Chapter 02 · Section 2.1

Short SF Calls-1

Lara is short 2 March 53 PHLX Swiss Franc calls.

Lara has an obligation:

a) to sell Sfr 125,000 at $.53/Sfr before March.
b) to sell Sfr 125,000 at $.53/Sfr before March.
c) to buy Sfr 125,000 at $.53/Sfr if assigned between now and the expiration date in March.
d) to sell Sfr 125,000 at $.53/Sfr if assigned between now and the expiration date in March.

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