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Exhibit 22.3
Use the Information Below for the Following Problem(S)
A stock currently trades for $130 per share. Options on the stock are available with a strike price of $125. The options expire in 10 days. The risk free rate is 3% over this time period, and the expected volatility is 0.35.
-Assume that you have just sold a stock for a loss at a price of $75,for tax purposes.You still wish to maintain exposure to the sold stock.Suppose that you sell a put with a strike price of $80 and a price of $7.25.Calculate the effective price paid to repurchase the stock if the price after 35 days is $85.
Startle Reactions
The automatic, rapid response of the body to a sudden, unexpected stimulus, usually perceived as potentially threatening.
Difficulty Sleeping
Challenges or disturbances in falling asleep or staying asleep through the night, which may result in insufficient sleep.
Preoccupation
An absorption or obsession with a thought or feeling that persistently occupies the mind.
Impulsively Acting Out
Exhibiting behavior characterized by little or no forethought, reflection, or consideration of the consequences.
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