IBX stock has two possible ending prices: $120 or $ 90. A call option written on IBX has an exercise price of $ 100. The option expires in one year. If you choose to make a hedged investment by buying IBX stock and selling calls, then you should ... to create an exact offset in the value of your two positions.

a.

buy 0.67 shares for each option you sell

b.

sell 1.5 shares for each option you sell

c.

buy 1.5 shares for each option you sell

d.

sell 0.67 shares for each option you sell