Business, 03.03.2020 02:31, ciarab196

On the same day, a customer buys 100 shares of ABC at $40 and sells short 100 shares of XYZ at $50. The customer then buys 1 ABC Jan 40 put @ $4 and 1 XYZ Jan 50 @ $5. XYZ rises to $60 and the customer exercises the call. ABC falls to $25 and the customer exercises the put. The net gain or loss on all transactions is:
a. $500 loss
b. $900 gain
c. $900 loss
d. breakeven

Answers: 1

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On the same day, a customer buys 100 shares of ABC at $40 and sells short 100 shares of XYZ at $50....