Examlex

Solved

You Own 3,550 Shares of a Stock That Is Currently

question 26

Multiple Choice

You own 3,550 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 .923. How many $30 call option contracts do you need to hedge against a −$1 change in the price of the stock?


Definitions:

Recognize Faces

The cognitive ability to identify and understand human faces, highlighting the complex processing abilities of the brain.

Aphasia

A disorder caused by damage to the parts of the brain that control language, affecting the ability to communicate effectively.

Hippocampus

A region of the brain involved in learning and memory formation.

Declarative Memory

The aspect of human memory that involves the recall of facts and events, known as 'knowing what', contrasted with procedural memory, which is 'knowing how'.

Related Questions