You have taken a stock option position and, if the stock's price drops, you will get a
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Question:
You have taken a stock option position and, if the stock\'s price drops, you will get a level gain no matter how far prices fall, but you could go bankrupt if the stock\'s price rises. You have________________________________.
a. Bought a call option.
b. Bought a put option.
c. Written a call option.
d. Written a put option.
e. Written a straddle.
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
Posted Date: