单选题 An analyst does research about impact to option due to interest rate and volatility of the underlying. Which of the following statements best describes the effect of the level of interest rates and volatility of the underlying on the price of options? All else being equal, prices for:
A. put options are positively related to the level of interest rates.
B. call options are positively related to the level of interest rates.
C. put options are negatively related to the volatility of the underlying.

【正确答案】 B
【答案解析】[解析] 当利率越高时,更多的人会选择投资看涨期权,因为可以延后购买资产的时间,即现在只要付一部分期权费就可以买入将来购买这项资产的权利,所以看涨期权与利率正相关。相反地,当利率越高时,更多的人会选择卖出看跌期权,导致看跌期权价格下跌,所以看跌期权与利率负相关。资产的波动性与看涨期权及看跌期权的价格都是正相关。