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Looking at a risk report. Mr. Woo finds that the options book of Ms. Yu has only long positions and yet has a negative delta. He asks you to explain how that is possible. What is a possible explanation?
A
The book has a long position in up-and-in call options.
B
The book has a long position in binary options.
C
The book has a long position in up-and-out call options.
D
The book has a long position in down-and-out call options.
