Question: You just established a covered call strategy (Long a share at Share price = $50 and write a call with call price = $3, the

You just established a covered call strategy (Long a share at Share price = $50 and write a call with call price = $3, the strike price for the call is $50), what is your net gain or loss for this strategy at maturity date if the share price changes to the following prices: $45 and $55, respectively?

A.

-$2.00 and $8.00

B.

-$5.00 and $8.00

C.

-$2.00 and $3.00

D.

-$5.00 and $3.00

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