Hugo Farnsworth bought 10 June SPX (S&P 500 Index) 3000 Calls to hedge an underlying portfolio. Which of the following are the components of his portfolio?

Long Large Cap American Companies

Long Small Cap Technology Companies

Short Small Cap Technology Companies

Short Large Cap American Companies

Since he is HEDGING a portfolio by BUYING calls, his underlying portfolio contains short positions. The SPX an Index of large cap companies.

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