How is owning a call option the same as selling a put


1. How is owning a call option the same as selling a put option? How is it different?

2. An option is far in-the-money and will expire tonight. How would you expect its value to change when the stock price changes?

3. In a perfect market, would a put option holder welcome an unexpected stock split? In a perfect market, would a put option owner welcome an unexpected dividend increase?

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Finance Basics: How is owning a call option the same as selling a put
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