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You sold an American Put option. It has six more months to expire ( T = 6 - month ) The stock is now below

You sold an American Put option. It has six more months to expire $($ T $= 6 -$ month $)$

The stock is now below the exercise price $($ S $<$ X $) .$

You are nervous and wish to get out of this situation right now.

What is your BEST course of action?

Group of answer choices

Exercise the put option

Buy an identical call option

Sell an identical call option

Buy an identical put option

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