Which of the following statements regarding orders is false?
a) Where the customer's order is a careful discretion order, trades allocated to the house error account must not be worse off to that allocated to customer's account.
b) A Representative can execute an order that will have an impact on the market for, or price of, a security or Futures Contract.
c) A Representative is not allowed to purchase substantial volume in a thinly traded counter, which accounts for a large proportion of the market volume, to establish a predetermined price.
d) A Representative should be alert to orders placed near the close on the last trading day of the month, quarter or year.
A call option has a strike price of RM50 and a premium of RM200. If the stock price is at RM50 at expiry, what is the maximum possible loss of the option holder?