Question: An options trader is implementing a covered call strategy by selling call options on a stock in their portfolio. The trader holds 100 shares of

An options trader is implementing a covered call strategy by selling call options on a stock in their portfolio. The trader holds 100 shares of the stock, which is currently trading at $50 per share. They sell one call option with a strike price of $55 for a premium of $3. Calculate the trader's maximum profit, maximum loss, and breakeven stock price at expiration.

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