Normal No Spacing Heading 1 Heading 2 ... 1234 56 1. (5 pts) Which of the following is a TRUE statement about options? A. When an option is bought, it must be exercised prior to expiration B. When an option is bought, it must be exercised on the expiration date C. Calls must be exercised prior to expiration but puts do not have to be exercised D. Options do not have to be exercised ever 2. (5 pts) When you buy a CALL option, what does this give you? A. The right to buy a stock at a specific price B. The right to sell a stock at a specific price C. The right to negotiate the price of a stock D. The right to wait before you buy a stock 3. (5 pts) When you buy a PUT option, what does this give you? A. The right to buy a stock at a specific price B. The right to sell a stock at a specific price C. The right to negotiate the price of a stock D. The right to wait before you buy a stock Sec 1 Pages: 1 of 4 Words of 770 9 DA O SO' S OPS W2 MacBook Pro