Answer the following questions about derivatives and margin lending:
a) What is the difference between a ‘long’ and a ‘short’ position?
b) Why would an investor consider short selling strategies?
c) Outline, using examples, the difference between a put option and a call option.
d) What benefits for portfolio building and allocation does leverage provide?
e) What does ‘in-the-money’ mean with regards to options?
(Only short responses required)