Fred Bought 600 Shares of Edgewood Stock at a Price

question 57

Multiple Choice

Fred bought 600 shares of Edgewood stock at a price of $19. The stock is currently selling for $53 a share. To protect his profits, Fred should buy

• A) 600 call options with a strike price of $55.
• B) 600 put options with a strike price of $50.
• C) 6 call options with a strike price of $55.
• D) 6 put options with a strike price of $50.

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