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1. With everything being equal as time passes in options, which one of the following is true?
a. In the money options delta decrease and out of money options delta increase
B. In the money options delta increase and out of money options delta increase
c. Both in the money options delta decrease and out of money delta decrease
d. In the money delta increase and out of money options delta decrease
2. All LEAPS are what?
a. Unlisted derivatives of equity indices
b. Options on commodities and futures contracts
c. Issued with longer life than standard options
d. Options on Exchange Traded Funds
e. Options on individual stocks
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