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Please answer all questions. Thank you so much! 31.______Jose feels the same way about AAPL as do Austin and Jaelin, i.e., he hates it. Being

Please answer all questions. Thank you so much!

31.______Jose feels the same way about AAPL as do Austin and Jaelin, i.e., he hates it. Being short of cash and hence unable to afford to buy an at the money option, what can Jose do?

a. put on a vertical call.

b. put on a vertical put.

c. neither of the above.

d. both of the above.

HAVING FUN YET ON THESE OPTION QUESTIONS? WAIT, THERE ARE MORE

32.______Rob owns some AAPL but is unhappy with the dividend, would like to generate some additional income from this holding, and has the notion that the stock is going to hover around its current price for awhile. In order to generate this additional income, Rob could

a. sell naked calls.

b. sell covered calls.

c. buy naked calls.

d. buy covered calls.

e. buy call options on Samsung.

33.______Tristin currently does not own AAPL but would like to buy some at a lower price. He could conceivably buy the stock at his price and make a few dollars for his trouble by

a. selling naked puts at a strike price lower than the current price.

b. selling covered puts at a strike price lower than the current price.

c. selling covered calls at a strike price lower than the current price.

d. buying naked calls at a strike price higher than the current market price.

e. selling put options on Samsung.

34._____ Amber has made lot of money for her hedge fund clients by being long AAPL at the right price. She is getting the notion that AAPL has gotten a little too expensive but doesnt want to sell the stock because she loves the stock for the long run, trading isnt free and, at her cost basis, the tax consequences could be dire. In order to protect herself, Amber could

a. write (sell) covered calls.

b. write (sell) naked calls.

c. buy puts.

d. buy calls.

e. more than one, but not all, of the above.

35.______Gail is in the same position as Amber, i.e., she has made a lot of money for her clients being long AAPL at the right price. She feels the same way as Amber regarding the direction of the stock and hence wouldnt mind selling the stock at a price slightly higher than its current price. Amber should

a. write (sell) covered calls.

b. write (sell) naked calls.

c. buy puts.

d. buy calls.

e. more than one, but not all, of the above.

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