OPTION PRICING. FOR THIS AND THE NEXT 3. Suppose you own 200,000 shares of a stock selling for $50 PER share. You also SOLD a CALL option on the stock with a premium of $6 per share. The option's strike price is $45. At option expiration, the stock is selling for 20 percent less than its original price. At the outset, the option you sold was: O In-the-money Out-of-the-money O At the money Does not apply OPTION PRICING. At expiration, the option you sold is with an intrinsic value of In-the-money; 0 Out-of-the-money; -$5 At the money; $0 None of the above OPTION PRICING. The hedge transaction described above is called Protective put Covered call Naked None of the above OPTION PRICING. Calculate the hedge profit, given the total number of shares. -$200,000 $400,000 $500,000 $800,000 None of the above