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You own 1,800 shares of Textile stock which is currently valued at $62 a share. The $65 put has a premium of $4.26 and a

You own 1,800 shares of Textile stock which is currently valued at $62 a share. The $65 put has a premium of $4.26 and a put delta of -.60. What position should you take in $65 put contracts to hedge your stock against a $1 decrease in price? Select one: a. buy 3 contracts b. buy 30 contracts c. buy 300 contracts d. write 3 contracts e. write 30 contracts

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