Question: Options are known to be a wasting asset. A . Why are options considered to be a wasting asset? B . As a wasting asset,

Options are known to be a wasting asset.
A. Why are options considered to be a wasting asset?
B. As a wasting asset, which of the Greeks derives the rate of change of the options
premium value?
C. If you are long an option is the value of this Greek usually positive or negative and
why?

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