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You own 1,500 shares of ABC stock that is currently priced at $27 a share. Given this price, the option delta for a $25 call

You own 1,500 shares of ABC stock that is currently priced at $27 a share. Given this price, the option delta for a $25 call option on this stock is .724. How many $25 call options do you need to hedge against a -$1 change in the price of the stock? Select one: a. buy 1,500 options b. buy 2,482 options c. write 1,500 options d. write 2,072 options e. write 3,295 options

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