You buy 100 shares of Ford for $45/share and simultaneously sell a 50 call option...
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Finance
You buy 100 shares of Ford for $45/share and simultaneously sell a 50 call option (100 shares) for $1.70. If Ford is trading at $44, your profits are _____.
need explanation
a. 70 Correct answer
b. -100
c. 100
d. 170
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