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You own a stock that costed you $159. You decide to sell call options in the money and gain a premium of $2 Draw the

You own a stock that costed you $159. You decide to sell call options in the money and gain a premium of $2 Draw the profit equations. Determine the breakeven point, the maximum profit and loss. What is the name of this strategy? In which market do you use this strategy? Is it more a hedging strategy or speculation?

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