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43) You own 1,800 shares of Textile stock which is currently valued at $62 a share. The delta of -0.60. What position should you take

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43) You own 1,800 shares of Textile stock which is currently valued at $62 a share. The delta of -0.60. What position should you take put has a premium of $4.26 and a put in $65 put contracts to hedge your s tock against a $1 decrease in price? A) buy 300 contracts B) buy 3 contracts C) write 3 contracts D) write 30 contracts E) buy 30 contracts

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