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Roughly draw the profit graph of covered call (i.e., buying 100 shares of stock and write a call) for question 7. (hint: the graph on
Roughly draw the profit graph of covered call (i.e., buying 100 shares of stock and write a call) for question 7. (hint: the graph on slide 22 is for writing a naked call. Try to think how buying the 100 shares of stocks will change the graph)
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