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Using the AAPL option chain, assume you employ a covered call strategy with 1,000 shares of stock and the correct # of calls. Convert this

  1. Using the AAPL option chain, assume you employ a covered call strategy with 1,000 shares of stock and the correct # of calls. Convert this to a delta neutral hedge with calls. Calculate the incremental (+ or -) # of calls you need. Calculate any required margin.

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