Fill in the blanks,  a. smaller b. greater c. call d. exercise price e. put call options greater than premium smaller than put options   1. For (       ) options, when the spot price is (    ) than (or equal to) the exercise price, then profit/loss equals the premium.  2. For (     )  options, when the spot price is (    )  than (or equal to) the exercise price, then the profit/loss will be equal to the option premium.

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