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0 - a. Suppose you are long (i.e., own) 100 shares of XYZ stock at $50, and you have written a December $50 call option

image text in transcribed 0 - a. Suppose you are long (i.e., own) 100 shares of XYZ stock at $50, and you have written a December $50 call option against your long position; the call option will expire in coming days at the current month (December). You have collected $5 for selling the call option. Do you want the stock price to go up or down in coming days by the time the call option will expire this month? Explain in detail and support your answer by drawing appropriate graph(s). b. Answer part a if you have written a December 50 put option instead of the call option. Just explain, no graph is needed

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