You own a share of Delta Corporation that you purchased for $51 one month ago. Yesterday you bought one put option on a share of Delta Corp. with a strike price of $53 per share. The price of the put was $2 per share. This combination will give you the same payoff pattern as ____________.

Choose the best response:

a.

Covered call

b.

long call

c.

Long put

d.

Short call

e.

Short put