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Question 10 (10 marks) At contract maturity the value of a covered call position is ___________, where X equals the options strike price and ST

Question 10 (10 marks) At contract maturity the value of a covered call position is ___________, where X equals the options strike price and ST is the stock price at contract expiration. A) Max(0, X - ST - Pr) 5 B) Max (0, X - ST) - ST C) ST - Min (0, ST - X) D) Min (0, X - ST) - ST E) ST - Max (0, ST - X)

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