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You own 5 , 0 0 0 shares of Google ( current price = $ 6 4 . 4 0 ) . ATM Puts are

You own 5,000 shares of Google (current price = $64.40). ATM Puts are $3.29 with a delta =-0.29. ATM Calls are $6.45 with a delta =0.78. Each option is on 100 shares.
How much does the value of your options change if you hedge using the Calls and Google goes to $49.64?
Note: you should round the number of options to the nearest whole number when hedging

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