To protect your current profit on Alphabet stock, you bought the collar shown on the Bloomberg screen. At what spot level will you be protected from further losses if Alphabet stock were to fall?  

30 Pricing 32 Scenario 33 Matrix 34 Volatility Underlying Und. Price Results GOOGL US Equity Mid 35 Backtest ALPHABET INC-A 1,603.01 USD Trade Settle 08/25/2020 12:04 08/25/2020 Price (Total) Price (Share) 1,616.86 Currency USD Vega 1,616.8623 Delta (%) 19.11 Theta -0.03 Gearing Price (3) 100.8641 Gamma (3) -0.2070 Rho -0.06 Time Value -0.03 Break-Even (3) Collar Leg 1- Leg 2- Leg 3 Style Spot Exercise Vanilla American Call/Put Put Call Direction Buy Buy Sell Strike 1,603.01 1,550.00 1,683.16 Strike Money 3.31% OTM 5.00% OTM Shares 1.00 1.00 1.00 Expiry Time to Expiry MM/DD/YYYY 0 Model 11/23/2020 90 BS-disc. 16:30 04:26 Vol BVOL Mid 36.299 Bid 33.689% Forward Carry 0 1,603.926 USD Rate MMkt 0 0.234% Dividend Yield 0 0.000% Discounted Div Flow 0 0.00 Borrow Cost 0 0.000% Leg Prc (Total) C 1,603.01 88.37 -74.52 Leg Prc (Share) 1,603.0100 88.3682 -74.5159 Leg Price (%) 100.0000 5.5126 -4.6485 Leg Delta (%) 100.00 -38.98 -41.91 Leg Gamma (3) 0.0000 2.1262 -2.3332 0.00 3.06 -3.11 2.00 4.50 OVME Su Close ? To protect your current profit on Alphabet stock, you bought the collar shown on the Bloomberg screen. At what spot level will you be protected from further losses if Alphabet stock were to fall? $1,603.01 $1,601.97 $1550 $1,680 (or $1,685) Submit Answer