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Protective put : You purchased 100 shares of IBM at $100 and longed at the money July put option at the same time (1 contract).

  1. Protective put:

You purchased 100 shares of IBM at $100 and longed at the money July put option at the same time (1 contract). Please predict the profit of your portfolio based on possible future stock prices, and draw the diagram of this investment strategy.

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