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Apple stock (AAPL) is priced at $141.66. The 12/16/22 (176 day) (strike 150) put is valued at 16.45. Its delta is .552, gamma .013, theta
- Apple stock (AAPL) is priced at $141.66. The 12/16/22 (176 day) (strike 150) put is valued at 16.45. Its delta is .552, gamma .013, theta .032. Based on only these Greeks, if the stock rises by $20 in 10 days and you have shorted a put, provide:
- The projected value of the put.
- The projected profit of one contract.
- Another AAPL option is 12/16-176 days, strike 115, bid $3.95, delta .176, gamma .007.
- At what delta should you close the position if you have shorted it assuming an deterioration has occurred?
- Based on your answer, provide the projected stock price.
- If the old stock price is $15, the new stock price is $20, the old call option is $2.00 and the new call option is $3.5, what is the call option delta?
Please note this is one big question. Please answer the whole thing! Could really use the help. Thanks!
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