QUESTION 27 Which of the following positions has the greater risk for investors? O a. Long call. b. Selling a covered call. O c. Selling a covered put. d. Shorting a stock. QUESTION 28 Beau buys 10 DEF 65 call options for $7 when the price of DEF is $61. Beau sells the call O options for $16. What is his gain or loss?. a. Loss of $900. b. Gain of $900. c. Loss of $9,000. d. Gain of $9,000