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I know there might be distractions in the testing facility (hellooooo bison cows), but try to keep your eyes on the prize.

Trading Options on Funds Drill

  • 1.

    A customer is long 100 shares of LMN at $45 and sells 1 LMN Aug 60 call at 2. Six months later, LMN is trading at $50 per share. If the customer sells the stock at the current market price and closes the option at 4, what is the gain or loss?

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