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An investor has unrealized gains in 100 shares of Amazin stock upon which they do not wish to pay taxes. However, they are now bearish
An investor has unrealized gains in 100 shares of Amazin stock upon which they do not wish to pay taxes. However, they are now bearish upon the stock for the short term. The stock is at 64 and he buys a put with a strike of 65 for $200. At expiration the stock is at $61. What is the net gain or loss on the entire stock/option portfolio?
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