Multiple Choice
Matt owns 500 shares of IKM stock. The market price of IKM is $51.74. Matt just sold five calls on IKM with a strike price of $50. This is known as
A) writing a naked call.
B) writing a covered call.
C) creating a naked cover.
D) covering a short position.
Correct Answer:
Verified
Correct Answer:
Verified
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