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You Bought Both a Call and a Put Contract on ABC

question 48

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You bought both a call and a put contract on ABC stock with a strike price of $30. Both expire on the same day. If the stock price at expiration is $32, you will _________ the call and _________ the put.


Definitions:

Stapedectomy

A surgical procedure to remove part or all of the stapes bone in the middle ear, usually to treat hearing loss caused by otosclerosis.

Stapes

The smallest bone in the human body, located in the middle ear, playing a key role in the transmission of sound vibrations.

Prosthesis

An artificial device used to replace a missing body part, such as a limb, tooth, eye, or heart valve.

Hearing Loss

A partial or total inability to hear sounds in one or both ears.

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