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9 . Consider the following position: Buy 3 RRR May 1 7 . 5 puts at 1 . 8 Sell 3 RRR May 1 5
Consider the following position:
Buy RRR May puts at
Sell RRR May puts at
a What type of position is this?
b Is it bullish, bearish, or neutral?
c What is the net investment or margin required?
d What is the maximum profit or gain this can make?
e What is the gain or loss if RRR is at January expiration?
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