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If a Writer Sells a Naked Call for Intel with an Exercise

question 24

Multiple Choice

If a writer sells a naked call for Intel with an exercise price of $100 for $9 and the stock is selling for $115 at the time of expiration, what is the profit or loss for the writer?


Definitions:

Cybercrime

Criminal activities carried out by means of computers or the internet, involving unauthorized access, data theft, or other forms of cyber attacks.

Accessing

Involves the action of obtaining or retrieving information or resources from a system or database.

Taking Data

The process of collecting information or data for analysis or further use, often in the context of research or information management.

Counterfeit Access Device and Computer Fraud and Abuse Act

A U.S. law addressing criminal activities involving unauthorized access to computer systems and the use of counterfeit devices to commit fraud.

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