In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.

[EX Q]: 421 U.S. 723, 95 S.Ct. 1917, 44 L.Ed.2d 539 (1975), and is consistent with the holdings in Herman & MacLean v. Huddleston, 459 U.S. 375, 382, 103 S.Ct. 683, 687, 74 L.Ed.2d 548 (1983), and in Basic, Inc. v. Levinson, supra. Blue Chip Stamps held that a section 10(b) plaintiff must be a purchaser or seller of a security, and thus limited standing under the 1934 Act to "plaintiffs ... who have at least dealt in the security to which the prospectus, representation, or omission relates." Id. 421 U.S. at 747, 95 S.Ct. at 1931. Put and call option trading on an underlying security is directly affected by the prospecti, representations and omissions of the issuer of the underlying security. See Deutschman, 841 F.2d at 506. Cf. Kirby v. Cullinet Software, Inc., 116 F.R.D. 303 (D.Mass.1987) (<HOLDING>). In Herman & MacLean v. Huddleston, 459 U.S.
Holding statements: (A) recognizing a narrow class of cases in which the termination of the class representatives claim for relief does not moot the claims of the class members (B) holding that class representatives cannot appear pro se (C) holding that sellers of covered calls are not atypical class representatives (D) holding that a class representatives ignorance of the case is not a bar to certification unless it impairs the representatives ability to vigorously prosecute the action (E) holding that it is error to certify class when named class representatives are not members of the class they purport to represent
[EX A]: (C)

[EX Q]: Petitioner Jaswinder Singh, a native and citizen of India, petitions for review of the Board of Immigration Appeals' order denying his application for asylum, withholding of removal, and relief under the Convention Against Torture. We have jurisdiction over this appeal pursuant to 8 U.S.C. 1252(a)(1), and we grant the petition for review. The Board of Immigration Appeals affirmed the immigration judge's order without discussion, thus we review the substance of the immigration judge's order. Falcon Carriche v. Ashcroft, 350 F.3d 845 (9th Cir.2003). The IJ erred when she found Singh's testimony inconsistent and implausible, and therefore the record compels finding Singh's testimony, credible. Kaur v. Ashcroft, 379 F.3d 876, 890 (9th Cir.2004) (<HOLDING>). First, the IJ erred when she found that
Holding statements: (A) holding that an adverse credibility determination is overturned only if each proffered reason for the determination fails (B) holding when one identified ground for an adverse credibility determination is supported by substantial evidence and goes to the heart of petitioners claim of persecution the court is bound to accept the ijs adverse credibility determination (C) holding that an adverse credibility determination must be supported by a true inconsistency (D) holding that an adverse credibility determination is sufficient to deny asylum (E) holding that in the absence of an adverse credibility determination the court must accept petitioners testimony as true
[EX A]: (A)

[EX Q]: 7 . 502 U.S. 478, 482-83, 112 S.Ct. 812, 117 L.Ed.2d 38 (1992). 8 . See Jukic v. INS, 40 F.3d 747, 749 (5th Cir. 1994) ("Jukic has failed to demonstrate that he will be persecuted by either people based on his political opinion or social group, 'rather than because of his refusal to fight with them.' "). 9 . See Elias-Zacarias, 502 U.S. at 483, 112 S.Ct. 812. Petitioners must provide "some evidence of ... [motive], direct or circumstantial." Id. 10 . See also Chun v. INS, 40 F.3d 76, 78 (5th Cir. 1994) (Under the substantial evidence standard, "the alien must show that the evidence was so compelling that no reasonable factfinder could conclude against it"). 11 . Elias-Zacarias, 502 U.S. at 483, 112 S.Ct. 812. 12 . Id. at 480, 112 S.Ct. 812. 13 . See id. at 483, 112 S.Ct. 812 (<HOLDING>). 14 . Petitioners argued in their appeal to
Holding statements: (A) holding that evidence which suggests but does not prove a discriminatory motive is circumstantial evidence by definition (B) holding that since the statute makes motive critical a petitioner must provide some evidence of it direct or circumstantial (C) holding that motive is circumstantial evidence of intent (D) holding circumstantial evidence has equivalent standing to direct evidence in criminal prosecution (E) holding that the applicant must provide some evidence direct or circumstantial that the persecutor was or would be motivated to persecute him because of a protected ground
[EX A]:
(B)