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If an investor bought 100 shares of XXX at 49, and Bought 1 XXX Dec 55 put at 3. What's the gain or loss at
If an investor bought 100 shares of XXX at 49, and Bought 1 XXX Dec 55 put at 3. What's the gain or loss at a market of 34? Is the investor hedging or speculating with this strategy?
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