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You own 2,500 shares of Jordan Co. stock, which is currently, valued at $38 a share. The $40 put has a premium of $2.25 and a put delta of −.25. What position should you take in $40 put contracts to hedge your stock against a $1 decrease in price?
CO₂
Carbon dioxide, a colorless, odorless gas produced by burning carbon and organic compounds and by respiration.
Midline
An imaginary line that divides the body into equal right and left halves.
Tasteless
Lacking flavor or not having any taste, often used to describe food or substances without a discernible taste.
Odorless
Lacking a detectable smell.
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