Chapter 14: Options Market 2 Problems: 7 Covered Call Strategy: Evanston Insurance Inc. has purchased shares of Stock E at $50 per share. It will sell the stock in six months. It considers using a strategy of covered call writing to partially hedge its position in this stock. The exercise price is $53, the expiration date is six months, and the premium on the call option is $2. Complete the following table. Possible Price of Stocke Ein Six (6) Months Profit or (Loss) per Share ita Covered Call Strategy is Used Profit or (Loss) per Share ifa Covered Call Strategy is Not Used