An investor purchases 200 shares of xyx stock for 5500 a


An investor purchases 200 shares of XYX stock for $55.00 a share and immediately sells 2 covered call contracts at a strike price of $60.00 a share. The premium is $3.00 a share. What is the maximum profit and the maximum loss?

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Finance Basics: An investor purchases 200 shares of xyx stock for 5500 a
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