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You are long in waddle Stock options at $1.55 per option. Waddle Stock is currently trading at $55. The options expire 6 months & have

You are long in waddle Stock options at $1.55 per option. Waddle Stock is currently trading at $55. The options expire 6 months & have a strike price at $56.25. a. what do you do and what is your net gain or loss position if at expiration, Waddle Stock is trading at $53 a share?

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