24.Assume the stock price is $50/share, a call option on that stock has a premium of $5, a put option on that stock has a premium of $3, the strike price on both options is $50, and you presently hold no position in the three.Suppose you take one of the following positions and the stock price drops to $47/share.Which position would have gained the most dollars?

_____

A)Writing a naked call

B)Writing a covered call

C)Writing a covered put

D)Selling the stock short