请问

问题如下：

Solomon^’s portfoliocurrently holds 10,000 shares of an exchange-traded fund (ETF) that tracks theGPX. He is worried the index will decline. He remarks to Lee, “You have told mehow the BSM model can provide useful information for reducing the risk of myGPX position” Lee suggests a delta hedge as a strategy to protect against smallmoves in the GPX Index.

Thestrategy suggested by Lee for hedging small moves in Soiomon^‘s ETF posi­tion wouldmost likely involve:

选项：

A.

selling put options.

B.

selling call options.

C.

buying call options.

解释：

because selling call options creates a shortposition in the ETF that would hedge his current long position in the ETF.