Lynn has an equity portfolio valued at $15 million that has a beta of 1.30. She has decided to hedge this portfolio using SPX call option contracts. The S&P 500 index is currently 1,602. The option delta is.53. How many option contracts must Lynn write to effectively hedge her portfolio? Multiale Choice 191 contracts o o 142 contracts 137 contracts 230 contracts 175 contracts Screen Shot 2021-04-14 at 9.53.53 PM Q Search Stock in Cheezy-Poofs Manufacturing is currently priced at $80 per share. A call option with a $80 strike and 90 days to maturity is quoted at $4.40. Compare the percentage gains and losses from a $35,200 investment in the stock versus the option in 90 days for stock prices of $70, $80, and $90. (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Leave no cells blank - be certain to enter "O" and select "None" wherever required. Input all amounts as positive values.) Options % gain/loss Stock % gain/loss $ 70 $ 80 $ 90