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For Strategy WBB At time 0: Simultaneously Write (Sell the call to deliver the asset. The premium you get from selling the call reduces the

For Strategy WBB At time 0: Simultaneously Write (Sell the call to deliver the asset. The premium you get from selling the call reduces the amount you need to borrow) Borrow (How much?) Buy (buy the asset at spot price) At time 1: Simultaneously Deliver the asset and get paid Close the loan (principal + interest) Compute your profit

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