You wrote a covered call with a strike price of $35 and an option premium of $1.10. Assume the stock price is $34 a share currently and that it falls to $32 a share and remains at that price until the option expires. As a result, you will:

Multiple Choice

lose both your stock and the option premium.

lose an amount equal to the option premium.

keep both your stock and the option premium.

lose the option premium but get to keep the stock.

keep the option premium but lose your shares of stock.