Question: Please do not copy from chegg. You shorted a stock that has fallen from $75 per share to $70 per share. You wish to delay

Please do not copy from chegg.

You shorted a stock that has fallen from $75 per share to $70 per share. You wish to delay taking the profit but you are troubled about the short-run behavior of the stock market. Effective action on your part would be to

Buy a put option on the stock

Write a call option on the stock.

Buy a call option on the stock

None of the above

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