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Assume you purchase 200 shares of stock at $90 per share and wish to hedge part of your position by writing a 100 share option.

Assume you purchase 200 shares of stock at $90 per share and wish to hedge part of your position by writing a 100 share option. The option has a strike price of 75 and a premium of $6. If at the time of expiration, the stock is selling at the following price $75, what will your overall gain or loss at this selling price?

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