1. You just bought Clovis Oncology (CLVS) for $55 per share and want to protect your investments. You are still bullish on Clovis Oncology, but you don’t want to invest $5,500 to buy 100 shares. So, you decide to do what instead?
Buy-to-open a $55 call.
Sell-to-open a $55 call.
d. Sell-to-open a $55 put.
Buy-to-open a $55 put.
Open a bear call spread.
2. You just bought Clovis Oncology (CLVS) for $55 per share, and you want to protect your investment from capital loss. What do you do?
Buy-to-open a $55 call.
Sell-to-open a $55 call.
Buy-to-open a $55 put.
Sell-to-open a $55 put.
Open a bear call spread.