A customer sells short 100 shares of DEF stock at $63 and sells 1 DEF Oct 60 Put @ $6. The market rises to $68 and the put expires. The customer buys the stock in the market covering her short stock position. The gain or loss is: A $100 gain B $100 loss C $300 gain D $300 loss
A customer sells short 100 shares of DEF stock at $63 and sells 1 DEF Oct 60 Put @ $6. The market rises to $68 and the put expires. The customer buys the stock in the market covering her short stock position. The gain or loss is: A $100 gain B $100 loss C $300 gain D $300 loss
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 5MCQ
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A customer sells short 100 shares of DEF stock at $63 and sells 1 DEF Oct 60 Put @ $6. The market rises to $68 and the put expires. The customer buys the stock in the market covering her short stock position. The gain or loss is:
A
$100 gainB
$100 lossC
$300 gainD
$300 lossExpert Solution
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