Checked Hedging Stocks With Puts You own shares as shown below: Stock Ticker JOEE TIL Shares Owned 1,290 1,410 Price 87.00 84.00 You see the following put options are available JOEE TIL Strike 90 75 Premium 4.20 0.16 You decide to purchase the following: Number of JOEE round lots Number of TIL round lots 8 Time goes by. The options are just about to expire. The stock prices are now: JOEE TIL 70.90 68.20 Pretend you had no options, and you liquidated all your shares How much cash would you have in your pocket? Now, assume you exercised all your options, and sold any remaining shares on the open market. Now how much cash do you have in your pocket? How much MORE do you have in your pocket from partially hedging? A Between 6,000 and 14,500 B Between 14,500 and 15,800 C Between 15,800 and 17,000 D Between 17,000 and 30,000