Chapter 02 · Section 2.1
Short SF Calls-1
Lara is short 2 March 53 PHLX Swiss Franc calls.
Lara has an obligation:
d) to sell Sfr 125,000 at $.53/Sfr if assigned between now and the expiration date in March.
Yes. Lara must fulfill her obligation to sell or deliver the Swiss francs only if she is assigned to do so by the exchange clearing house.Continue
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.
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