A customer buys 200 ABC at 76 and simultaneously writes 2 ABC MAR 80 calls at 2. If the stock rises to 83 and the customer is assigned on the short calls, the customer has a gain of:
A) 800.
B) 1400.
C) 1200.
D) 1800.
Answer: C)
Investments Chapter | Multiple Choice | Questions and Answers | Test Bank
A) 800.
B) 1400.
C) 1200.
D) 1800.
Answer: C)