Products & Risks第 39 / 125 题
An investor who owns 100 shares of a stock and is worried about a near-term decline could best protect the position by:
a.Selling a covered call
b.Writing a naked put
c.Buying a protective put
d.Selling the stock short
解析
Buying a put while holding the stock (a protective put) creates a floor: no matter how far the stock falls, the holder can sell at the put's strike. The cost is the premium paid, which acts like insurance and reduces the position's net return if the stock rises.
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