Exercise
Calculate the change in value in the premiums for each of the following futures options.
1. _____ Call option with a delta of 1.0 whose underlying contract goes down in value by $3
2. _____ Call option with a delta of 0.1 whose underlying contract goes up in value by $3
3. _____ Put option with a delta of -1.0 whose underlying contract goes down in value b
