1- Call options _________________ in price as the option strikes go out-of-the-money, and put options _______________ in price as the option strikes...

If you sell-to-open a call, you:

have the right but not the obligation to buy the stock at the strike price, regardless of the market price.

have the right but not the obligation to sell the stock at the strike price, regardless of the market price.

have the obligation to buy the stock at the strike price, regardless of the market price.

have the obligation to sell the stock at the strike price, regardless of the market price.