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Suppose that it is 9 / 1 5 / 2 0 2 3 and that you own 1 , 0 0 0 shares of XYZ
Suppose that it is and that you own shares of XYZs common stock. You do not believe that XYZs common stock will perform all that well, so you are considering writing an equivalent number of covered calls using the December X call option. Explain your potential gains and losses in dollar terms from following this strategy. Assume you dont know the prices from Selected Option Quotations for XYZ Corp use in questions
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