Consider the Following Statement Related to Buying a Put Option

Multiple Choice

Consider the following statement related to buying a put option.For a given stock price,the ____________ the position is held,the more time value it loses and the ___________ the profit;however,an exception can occur when the stock price is ___________.Identify the correct words for these two blanks.

A) longer,lower,low
B) longer,higher,high
C) shorter,lower,low
D) shorter,higher,high
E) longer,flatter,low