You Own 4,800 Shares of a Stock That Is Currently

question 57

Multiple Choice

You own 4,800 shares of a stock that is currently priced at $34 a share. Given this price, the option delta for a $30 call option on this stock is .955. How many $30 call option contracts do you need to hedge against a −$1 change in the price of the stock?

• A)buy 50 option contracts
• B)buy 503 option contracts
• C)write 50 option contracts
• D)write 503 option contracts
• E)write 5,026 option contracts

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Definitions:

Male Domination

A social condition where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Female Subordination

The systematic and societal placement of women in inferior or submissive roles compared to men.

Patriarchy

A social system in which men hold primary power and dominate in roles of political leadership, moral authority, social privilege, and control of property.

Social Regulations

Rules and standards established by a society or government to shape the behavior of individuals and organizations, ensuring conformity to societal norms.