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Now assume you own 100 shares of the stock Eli Lilly (LLY). Use December options to develop a protective put strategy. If the company does

Now assume you own 100 shares of the stock Eli Lilly (LLY). Use December options to develop a protective put strategy. If the company does not have December options, use November or January options. Select the put with a strike price nearest to your companys trading price. What will your total return be if your stock price falls to 0? What if the stock price rises 100%?

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