A registered representative recently advised one of his clients to sell calls on all the stock he

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A registered representative recently advised one of his clients to sell calls on all the stock he owned. He explained that the client wouldn't lose money but would benefit by what he got paid for the call. Sounds foolproof. What's wrong?
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Modern Portfolio Theory and Investment Analysis

ISBN: 978-1118469941

9th edition

Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann

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