What does it mean to long convexity of options?
Convexity refers to vega. Gamma refers to delta. Negative carry refers to time decay.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
What does it mean to long convexity of options?

### Response:
Convexity refers to vega. Gamma refers to delta. Negative carry refers to time decay.