Question: a.What happens if a long call is exercised? Explain. b.What happens if a long put is exercised? Explain. c.What happens if a short call is

a.What happens if a long call is exercised? Explain.

b.What happens if a long put is exercised? Explain.

c.What happens if a short call is exercised? Explain.

d.What happens if a short put is exercised? Explain.

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