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Suppose St is the current price of the underlying asset, K is the option strike price, C is the current call price, and P is
Suppose St is the current price of the underlying asset, K is the option strike price, C is the current call price, and P is the current strike price. The value of a covered call portfolio at maturity may be expressed as: min{ST, K O max{ST, K) O min{ST, C} O min{ST, P}
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