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5) Consider the options below for the same stock. Assuming you are long 100 of the ATM calls, determine the amount of the OTM call

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5) Consider the options below for the same stock. Assuming you are long 100 of the ATM calls, determine the amount of the OTM call and underlying stock to create a delta and gamma neutral position. Amount Security Price Delta Gamma ATM Call 1.815 0.464 0.072 OTM Call .219 0.103 0.038 Stock 401 0

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