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7. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call

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7. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call option on 1 share with a strike price (X) of $55. The option premium (cost/proceeds) was $1.50. How would you describe this strategy? * [4) 5 Points ) Bullish. Bearish Neutral Directional

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