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NO.PZ2021061002000059问题如下 Morgan'sfamily officurrently owns 50,000 QWR shares. Morgwants to reQWR'sstoposition, but is laying a cash sale for three months for treasons.Whiof thefollowing rivative contracts coulthe Morgan's chief investment officer use thwoulbebest suiteto reexposure to a cline in QWR's share priover the next threemonths? A.A short futures position in QWR stothatsettles in three monthsB.A long futures position on QWR stothsettlesin three monthsC.A long call position on QWR stothexpires inthree months 中文解析本题问的是下列哪种衍生品可以用来降低Morgan的股票敞口，从而来降低风险敞口。A的short futures可以实现在合约到期的时候，按照合约约定的价格将标的资产交割出去，从而可以降低股票的风险敞口，是正确的。对应的Blong futures会增加股票头寸，从而增加了风险敞口，不能选。C，long call的一方在股价上涨高于执行价的时候，会行权按照执行价格买入股票，会增加股票头寸，不能选。 AB可以对比一下么

NO.PZ2021061002000059问题如下 Morgan'sfamily officurrently owns 50,000 QWR shares. Morgwants to reQWR'sstoposition, but is laying a cash sale for three months for treasons.Whiof thefollowing rivative contracts coulthe Morgan's chief investment officer use thwoulbebest suiteto reexposure to a cline in QWR's share priover the next threemonths? A.A short futures position in QWR stothatsettles in three monthsB.A long futures position on QWR stothsettlesin three monthsC.A long call position on QWR stothexpires inthree months 中文解析本题问的是下列哪种衍生品可以用来降低Morgan的股票敞口，从而来降低风险敞口。A的short futures可以实现在合约到期的时候，按照合约约定的价格将标的资产交割出去，从而可以降低股票的风险敞口，是正确的。对应的Blong futures会增加股票头寸，从而增加了风险敞口，不能选。C，long call的一方在股价上涨高于执行价的时候，会行权按照执行价格买入股票，会增加股票头寸，不能选。 这道题是否可以这样理解: 因为就需要减少所持股票数量，所以肯定不能用long 头寸，同时又担心price下降，所以用了futures。如果题目改成这个人是为了对冲将来price下跌带来的损失，而不考虑需要减少持仓，那可以考虑用long put对冲我的理解是否正确？

NO.PZ2021061002000059问题如下 Morgan'sfamily officurrently owns 50,000 QWR shares. Morgwants to reQWR'sstoposition, but is laying a cash sale for three months for treasons.Whiof thefollowing rivative contracts coulthe Morgan's chief investment officer use thwoulbebest suiteto reexposure to a cline in QWR's share priover the next threemonths? A.A short futures position in QWR stothatsettles in three monthsB.A long futures position on QWR stothsettlesin three monthsC.A long call position on QWR stothexpires inthree months 中文解析本题问的是下列哪种衍生品可以用来降低Morgan的股票敞口，从而来降低风险敞口。A的short futures可以实现在合约到期的时候，按照合约约定的价格将标的资产交割出去，从而可以降低股票的风险敞口，是正确的。对应的Blong futures会增加股票头寸，从而增加了风险敞口，不能选。C，long call的一方在股价上涨高于执行价的时候，会行权按照执行价格买入股票，会增加股票头寸，不能选。 这题如何理解呢，根据题目的意思能一步一步讲一下吗

NO.PZ2021061002000059 问题如下 Morgan'sfamily officurrently owns 50,000 QWR shares. Morgwants to reQWR'sstoposition, but is laying a cash sale for three months for treasons.Whiof thefollowing rivative contracts coulthe Morgan's chief investment officer use thwoulbebest suiteto reexposure to a cline in QWR's share priover the next threemonths? A.A short futures position in QWR stothatsettles in three months B.A long futures position on QWR stothsettlesin three months C.A long call position on QWR stothexpires inthree months 中文解析本题问的是下列哪种衍生品可以用来降低Morgan的股票敞口，从而来降低风险敞口。A的short futures可以实现在合约到期的时候，按照合约约定的价格将标的资产交割出去，从而可以降低股票的风险敞口，是正确的。对应的Blong futures会增加股票头寸，从而增加了风险敞口，不能选。C，long call的一方在股价上涨高于执行价的时候，会行权按照执行价格买入股票，会增加股票头寸，不能选。 首先题目中的这个人已经拥有了股票，自身已经是long position(收益曲线对应 long forwar，然后他想降低风险敞口，就是怕万一股票跌了亏得太厉害。那么A short fowar C long call是不是都可以在他跌的时候止损呢？比如说long call ,在跌的时候能够帮助他亏得比long forwar少一些，涨的时候一样能赚。