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An options trader wants to hedge the gamma and vega risks of a portfolio of several options on a single non-dividend paying stock. The portfolio currently has a positive gamma and a negative vega. There are two at-the-money call options available on this stock, one with a 1-month expiration and the other with a 4-month expiration. Which combination of transactions in these two options would reduce the gamma and increase the vega of the current portfolio?
A
Buy both the 1-month and the 4-month options.
B
Buy the 1-month option and sell the 4-month option.
C
Sell the 1-month option and buy the 4-month option.
D
Sell both the 1-month and the 4-month options.