An Investor Has Unrealized Gains in 100 Shares of Amazin

question 55

Multiple Choice

An investor has unrealized gains in 100 shares of Amazin stock for which he does not wish to pay taxes. However,he is now bearish upon the stock for the short term. The stock is at $76 and he buys a put with a strike of $75 for $300. At expiration the stock is at $68. What is the net gain or loss on the entire stock/option portfolio?

• A)$700
• B)−$800
• C)−$400
• D)−$200
• E)−$100

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