Exam (elaborations)
SIE Mastery Exam Missed Questions with 100% Correct Solutions
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A customer sells short 100 shares of ABC at $54 and buys 1 ABC Jan 55 Call @ $6. ABC goes to $79 and the customer exercises the call to cover her short stock position. The customer has a ? - Answer answer= $700 loss 55-54=$1 + 6 (prem)= $7
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