Suppose you are managing a cash portfolio currently valued at $8 millions and you used...
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Suppose you are managing a cash portfolio currently valued at $8 millions and you used a short call option on the S&P 100 index (OEX) to raise additional income. If OEX closed at $647 at expiration and the February 680 OEX 100 call option contract used had a premium of $7.30 per share, what is the total income raised by the call overwriting strategy and by how much boosted the portfolio returns?
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