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Steve has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line
Steve has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line slopes downward. What type of action did Steve take to obtain this profile?
A) Purchased a call option
B) Purchased a put option
C) Sold a call option
D) Sold a put option
E) Purchased and simultaneously sold the same call option
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