Schweser Volum 2-Option on Future

Volume 2, Exam 1 AM, Question 53

Statement 4: The value of a call option on futures is equal to the value of a portfolio with a long bond position and a short futures position.

This statement is wrong. It is describing put option, not call option. Am i correct?

Yes, you are right

“The value of a put option on futures is equal to the value of a portfolio with a long bond position and a short futures position”.

On the other hand, call = long futures = short bond