Assume That You Purchased Shares of a Stock at a Price

question 93

Multiple Choice

Assume that you purchased shares of a stock at a price of $35 per share. At this time, you wrote a call option with a $35 strike and received a call price of $2. The stock currently trades at $70. Calculate the dollar return on this option strategy.

• A) $25
• B) -$2
• C) $2
• D) -$25
• E) $0

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Definitions:

Hand and Fingernail Care

Practices that maintain the cleanliness, health, and appearance of the hands and fingernails, often involving hygiene, moisturizing, and trimming.

Artificial Nails

Synthetic extensions applied to the natural fingernails to enhance their appearance.

Nail Polish

Nail polish is a lacquer applied to the fingernails or toenails to protect and decorate the nail plates.

Wristwatches

Portable timepieces designed to be worn or carried by a person, providing convenience in telling time.