SECTION 3.3.1. LO.I. SECTION 3.3.1. LO.I.

8. A is correct. Call option deltas range from a value of 0 to a value of 1, whereas put option

deltas range from a value of 0 to a value of –1. The explanations of Gamma and Vega are

correct. Section 3.1.3. LO.g.