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Question 67 1.5 pts I have currently purchased 100 shares of Bill Ding Corporation for $100 per share. At the same time, I wrote (sold)

Question 67 1.5 pts I have currently purchased 100 shares of Bill Ding Corporation for $100 per share. At the same time, I wrote (sold) a call option for $105 per share expiring in 60 days with the premium of $1 per share. What would be the purpose for writing the call option? O To mitigate (reduce the effect of) any potential loss in the value of the stocks. To be able to cash in even more on the increase in the stock price if the price goes up higher than $105 per share. To ensure the price of my shares of Grow Wing Company would never go down. O To ensure I earned a 5% profit.
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