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Question
You own 1,200 shares of Banner Co. stock that is currently priced at $42 a share. Given this price, the option delta for a $40 call option on this stock is .664. How many $40 call options do you need to hedge against a -$1 change in the price of the stock?A. buy 1,613 options
B. buy 1,713 options
C. buy 1,8.7 options
D. write 1,713 options
E. write 1,807 options
Answer
This answer is hidden. It contains 2 characters.
Related questions
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Q:
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Q:
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