Portfolio QQQQ has a substantial current gain from investing in CVX [Chevron]. The stock was purchased in

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Portfolio QQQQ has a substantial current gain from investing in CVX [Chevron]. The stock was purchased in Jan 2021 at a price of $85. It is currently trading around $168. Anita believes that the position in CVX has potential for further upside but is concerned that the stock price might decline during Q1 2024. Develop a strategy USING OPTIONS that Anita can deploy to preserve a gain of 60%. Provide the following: A. Type of option B. Description of the strategy C. Approximate exercise price D. Time to maturity E. Graph of the strategy F. Additional notes: Puts with a strike price of $140 and expiration in March are trading at $3 per

Posted Date: May 18, 2024 10:01 PM

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Portfolio QQQQ has a substantial current gain from investing in CVX [Chevron]. The stock was purchased in

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